Latin American Integration and Extra-Region Cooperation. Prospects for Russia

DOI: 10.20542/0131-2227-2015-8-82-91

D. Razumovskii, Institute of Latin America, Russian Academy of Sciences (ILA RAS), 21/16, Bolshaya Ordynka Str., 115035, Moscow, Russian Federation (

Abstract. Extra-regional contacts of Latin American integration unions have been actively developing over last decades. Generally it was the effect of a globalization process. Regional platforms have been created for multi-format cooperation both with separate countries and unions. The motives of inter-union cooperation are the efforts of developing countries to strengthen their bargain power and the requirement to expand export markets. The experience of such partnership between Latin America and different regions allows to define several models characterized by different mechanisms and instruments of a dialogue development (LAC–EU, LAC–US and “South–South” cooperation). There are different approaches to economic integration with extra-regional partners among Latin American unions and countries. A number of them follow open and flexible trade policy, while other establish preferential blocks with restrictions on bilateral trade negotiations. Until now Russia preferred to develop bilateral relations with its key allies in Latin America without building close ties with integration unions. But current geopolitical and economic situation encourages Russia to establish such partnership agreements with regional organizations, which are the rising power on the regional and global scene. Without it the full development of economic and political ties between both regions and their association on the international scene would be complicated. The fact that Eurasian Economic Commission recently launched the negotiations process with MERCOSUR demonstrates that Latin American unions start to be considered as prospective partners. In the future, Eurasian Economic Commission can serve as the main platform for bi-regional partnership.

Keywords: Latin America, economic integration, interregional cooperation, Latin America and EU, Latin America and USA, “South–South” cooperation, Russia-Latin America relations

Registered in System SCIENCE INDEX

For citation:
Razumovskii D. Latin American Integration and Extra-Region Cooperation. Prospects for Russia. World Eonomy and International Relations, 2015, no. 8, pp. 82-91.

Comments (0)

No comments

Add comment






Dear authors! Please note that in the VAK List of peer-reviewed scientific journals, in which the main scientific results of dissertations for the degree of candidate and doctor of sciences should be published for the “MEMO Journal” the following specialties are recorded:
economic sciences:
5.2.5. World Economy.
5.2.1. Economic Theory
5.2.3. Regional and Branch Economics
political sciences:
5.5.4. International Relations
5.5.1. History and Theory of Politics
5.5.2. Political Institutions, Processes, Technologies


Current Issue
2024, vol. 68, No. 4
Topical Themes of the Issue:
  • Financial Contagion Propagation in Europe under the Impact of Global Shocks
  • Regional Powers on the African Continent: Trends and Prospects
  • Investment Activity of the PRC in the Kyrgyz Republic
  • “Land Grabbing” Concept: Global and National Aspects
Submit an Article
The Editorial Board invites authors to write analytical articles on the following topics:
  • changes in the processes of globalization in modern conditions
  • formation of the new world order
  • shifts in civilization at the stage of transition to a digital society

The editors are also interested in publishing synthesis articles / scientific reviews revealing the main trends in the development of certain regions of the world - Latin America, Africa, South Asia, etc.