ECLAC report urges Latin American economic diversification

A new report from the Economic Commission for Latin America and the Caribbean (ECLAC) suggests that the region must navigate a shifting global landscape characterized by multipolar geoeconomic fragmentation. To break the cycle of dependency, the report advocates for an “active non-alignment” policy, avoiding rigid alliances while strengthening regional integration and cooperation.

The findings emphasize the need for Latin America to move beyond traditional primary-export models. Instead, the region should leverage strategic assets, such as minerals essential for the digital and energy transitions, by incorporating higher value-added processes into its production.

This approach aligns with the structuralist tradition established by Raúl Prebisch, which focuses on transforming productive structures and reducing external dependence. By utilizing its strategic position and productive capacities, the region aims to transform current global instability into opportunities for a self-sustained development model.