Regionalism in Latin America


Book Description

This interdisciplinary edited volume explores the political economy of regionalism in Latin America. It identifies convergent forces which have existed in the region since its very conception and analyses these dynamics in their different historical, geographic and structural contexts. Particular attention is paid to key countries such as Argentina, Brazil and Mexico, as well as subregions like the Southern Cone and Central America. To understand the resilience of regionalism in Latin America, this book proposes to highlight four main issues. Firstly, that resilience is linked to mechanisms of self-enforcement that are part of the accumulation of experiences, institution building and common cultural features described in this book as regionalist acquis. Secondly, the elements and driving forces behind the promotion and expression of the regionalist acquis are influenced and shaped by nested systems in which social processes are inserted. Thirdly, when looking at systems, there is a particular influence by national and global ones, which condition the form and endurance of regional projects. Finally, beyond systems, the book highlights the relevance of agents as crucial players in the shaping of the resilience of regionalism in Latin America. This insightful collection will appeal to advanced students and researchers in international economics, international relations, international political economy, economic history and Latin American studies.




Lessons from NAFTA


Book Description

Analyzing the experience of Mexico under the North American Free Trade Agreement (NAFTA), 'Lessons from NAFTA' aims to provide guidance to Latin American and Caribbean countries considering free trade agreements with the United States. The authors conclude that the treaty raised external trade and foreign investment inflows and had a modest effect on Mexico's average income per person. It is likely that the treaty also helped achieve a modest reduction in poverty and an improvement in job quality. This book will be of interest to scholars and policymakers interested in international trade and development.




Venezuela, ALBA, and the Limits of Postneoliberal Regionalism in Latin America and the Caribbean


Book Description

This book provides a comprehensive analysis of the implementation, functioning, and impact of the Bolivarian Alliance for the Peoples of Our America (ALBA), cornerstone of Venezuelan foreign policy and standard-bearer of “postneoliberal” regionalism during the “Left Turn” in Latin America and the Caribbean (1998-2016). It reveals that cooperation via ALBA’s regionalised social missions, state multinationals, development bank, People’s Trade Agreement, SUCRE virtual currency, and Petrocaribe soft-loan scheme has often been hampered by complexity and conflict between the national political economies of Ecuador, Dominica, St Vincent and the Grenadines, Antigua and Barbuda, and especially Venezuela. Shared commitments to endogenous development, autonomy within mutlipolarity, and novel sources of legitimacy are undermined by serious deficiencies in control and accountability, which stem largely from the defining influence of Venezuela’s dysfunctional economy and governance. This dual dependency on Venezuela leaves the future of ALBA hanging in the balance.




Globalization and Development


Book Description

Globalization and Development draws upon the experiences of the Latin American and Caribbean region to provide a multidimensional assessment of the globalization process from the perspective of developing countries. Based on a study by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), this book gives a historical overview of economic development in the region and presents both an economic and noneconomic agenda that addresses disparity, respects diversity, and fosters complementarity among regional, national, and international institutions. For orders originating outside of North America, please visit the World Bank website for a list of distributors and geographic discounts at http://publications.worldbank.org/howtoorder or e-mail [email protected].




Post-Hegemonic Regionalism in the Americas


Book Description

Regionalism in Latin America and the Caribbean has experienced transformations over the last few years. After more than a decade of a hegemonic model based solely on free-market principles, the regional and global transformation that occurred in the first decade of the new millennium modified the way of understanding economic development and the insertion of regional blocs in global affairs. Old initiatives have been reconsidered, new schemes have emerged, and new principles going beyond trade issues have modified the norms and processes of regional economic integration. This book reviews these recent transformations to depict and explain the new trends shaping regional blocs and cooperation in the Americas.




Understanding ALBA


Book Description

This edited collection is only the second academic publication dedicated solely to Bolivarian Alliance for the Peoples of Our America (ALBA), the "Left Turn" regional project founded by Venezuela and Cuba in 2004 and since expanded to Bolivia, Ecuador, Nicaragua, and much of the Anglophone Caribbean. As ALBA celebrates its first decade, this book offers a considered, critical, and comprehensive account of the project. This work provides insights into all manner of unanswered questions: among others, the roles and involvement of member-states both central and peripheral; the nature of ALBA governance; the sustainability of the project; its effect on domestic politics; and the true nature and extent of specific initiatives. Bringing together scholars from across ideological divides, the book provides a comprehensive analysis of ALBA's successes and failures, evaluating the project's viability and mapping possible future trajectories. The opacity of ALBA and its member-states, and the perplexing lack of research into ALBA despite its significance, makes the contribution of this edited volume a particularly valuable one.




Open Regionalism in Latin America and the Caribbean


Book Description

"An attempt to answer some general and specific questions regarding regional integration, such as: Why should integration be encouraged? What kind of integration should be encouraged? Which mechanisms and instruments are most suitable for integrating economies at this point? How do the new integration plans differ from those of the 1960s and 1970s? The answers to these and other questions 'are based on the core premise that recent integration efforts have generally involved the interaction of two types of phenomena:' trade liberalization and deregulation policies introduced at the national level; and explicit agreements or policies which entail certain preferences with respect to the treatment accorded other nations"--Handbook of Latin American Studies, v. 57




At a Crossroads


Book Description

"Higher education in Latin America and the Caribbean has expanded dramatically in the past 15 years, as the average gross enrollment rate has more than doubled, and many new institutions and programs have been opened. Although higher education access has become more equitable, and higher education supply has become more varied, many of the 'new' students in the system are, on average, less academically ready than are their more advantaged counterparts. Furthermore, only half of higher education students, on average, complete their degree, and labor market returns to higher education vary greatly across institutions and programs. Thus, higher education is at a crossroads today. Given the region's urgency to raise productivity in a low-growth, fiscally constrained environment, going past this crossroads requires the formation of skilled human capital fast and efficiently. 'At a Crossroads: Higher Education in Latin America and the Caribbean' contributes to the discussion by studying quality, variety, and equity of higher education in Latin America and the Caribbean. The book presents comprehensive evidence on the recent higher education expansion and evolution of higher education labor market returns. Using novel data and state-of-the-art methods, it studies demand and supply drivers of the recent expansion. It investigates the behavior of institutions and students and explores the unintended consequences of large-scale higher education policies. Framing the analysis are the singular characteristics of the higher education market and the market segmentation induced by the variety of students and institutions in the system. At this crossroads, a role emerges for incentives, information, accountability, and choice."




Regional Integration in Latin America and the Caribbean


Book Description

This collection is a sober assessment of the state of regional integration in Latin America and the Caribbean. It studies the question from four perspectives: economic, institutional, political, and in relation to the rest of the world. It considers the questions raised by LAC countries' efforts to use 'new' regionalism to address the challenges of globalization and to explore the nature and meaning of open regionalism. This thematic treatment draws on the experience of the different schemes currently in place in the region: NAFTA, CACM, CARICOM, the Andean Community and MERCOSUR. It also examines the nature of globalization, including concerns over the relationship between regionalism and the multilateral system. There is now a broad consensus among LAC countries that regional integration can help them adjust to the new world order, but there is much less agreement on how to achieve it and what reforms are needed to bring it about.




Moving Out of Poverty Volume 2


Book Description

Based on discussions with over 60,000 people across Africa, Asia, and Latin America, this book provides a bottom-up view on the processes and institutions that play key roles in poverty escapes, asking how these help or hinder people in their quest to move out of poverty. It argues for poverty-reducing strategies informed by local realities.