The 2013 edition of Latin America and the Caribbean in the World Economy is subtitled “A sluggish postcrisis, mega trade negotiations and value chains: scope for regional action” and is made up of three chapters. Chapter 1 reviews the main features of the persistently weak global economy and lacklustre world trade and then turns to global and regional trade trends and prospects. Chapter II considers the main changes in the organization of production and global trade associated with international production networks, which are at the heart of the current mega-regional negotiations. It goes on to review three processes which are of particular importance: the Transatlantic Trade and Investment Partnership between the United States and the European Union, the Trans-Pacific Partnership, which brings together 12 countries of Latin America, North America, Asia and Oceania, and the Regional Comprehensive Economic Partnership, formed by the 10 member countries of the Association of Southeast Asian Nations (ASEAN), together with Australia, China, India, Japan, New Zealand and the Republic of Korea. Chapter III looks at how the Latin American and Caribbean countries are positioned in international production networks and value chains..