This edition of Latin America and the Caribbean in the world economy reviews the past year and looks at trends in 2005. It examines recent developments in the world economy; analyses negotiations within the framework of the World Trade Organization; looks at the status of regional integration efforts; discusses protectionist trends; considers strategic aspects of economic and trade relations between China and Latin America and the Caribbean; and provides a Latin American and Caribbean perspective on the complex links that have developed among trade, security and transport