The integration of Asia and the (dis)integration of the west

Jue, 12/10/2020 - 17:34 -- cdeleon

The signing of the Regional Comprehensive Economic Partnership (RCEP) indicates a strengthening of regionalism in Asia while in the West it is in decline.

By the end of the last decade, the trade order and multilateralism were already being questioned. Some elements caused the crack in the globalization process in the West. The trade war between China and the United States; the withdrawal of the United Kingdom from the European Union; the emergence of populist and conservative governments in Europe of a nationalist nature, among others.

Latin America is not a region free of similar processes. The Southern Common Market (MERCOSUR), one of the most important integration projects that has been developed in the region, shows slight setbacks in its integration process.

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