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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.
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.
Few topics are more hotly debated in the Americas today than what isVenezuela's Hugo Chavez's Socialism of the 21st Century, the Bolivarian Revolution, and Bolivarian Alliance for the Americas (ALBA). Joel D. Hirst's pathbreaking study examines the Chavez phenomenon and ALBA, crisply documenting the political and economic ideology behind Chavez's petroleum-driven alliance of nations. Heavily committed to a collectivist, authoritarian, and anti-American future, ALBA in its present confi guration challenges U.S. democratic values, economic liberty, and hemispheric security cooperation. It should be a matter of concern, not just to Washington policy makers, but to all friends of freedom throughout the Americas.Ray Walser, Ph.D., Senior Policy Analyst, The Heritage Foundation
International trade has, for decades, been central to economic growth and improved standards of living for nations and regions worldwide. For most of the advanced countries, trade has raised standards of living, while for most emerging economies, growth did not begin until their integration into the global economy. The economic explanation is simple: international trade facilitates specialization, increased efficiency and improved productivity to an extent impossible in closed economies. However, recent years have seen a significant slowdown in global trade, and the global system has increasingly come under attack from politicians on the right and on the left. The benefits of open markets, the continuation of international co-operation, and the usefulness of multilateral institutions such as the World Trade Organization (WTO), the International Monetary Fund and the World Bank have all been called into question. While globalization has had a broadly positive effect on overall global welfare, it has also been perceived by the public as damaging communities and social classes in the industrialized world, spawning, for example, Brexit and the US exit from the Trans-Pacific Partnership. The purpose of this volume is to examine international and regional preferential trade agreements (PTAs), which offer like-minded countries a possible means to continue receiving the benefits of economic liberalization and expanded trade. What are the strengths and weaknesses of such agreements, and how can they sustain growth and prosperity for their members in an ever-challenging global economic environment? The Handbook is divided into two parts. The first, Global Themes, offers analysis of issues including the WTO, trade agreements and economic development, intellectual property rights, security and environmental issues, and PTAs and developing countries. The second part examines regional and country-specific agreements and issues, including NAFTA, CARICOM, CETA, the Pacific Alliance, the European Union, EFTA, ECOWAS, SADC, TTIP, RCEP and the TPP (now the CPTPP), as well as the policies of countries such as Japan and Australia.
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.
Foreword .-- Introduction .-- Part 1. Social policy institutions. -- Chapter I. Institutional framework for social development / Rodrigo Martínez, Carlos Maldonado Valera .-- Chapter II. Social development and social protection institutions in Latin America and the Caribbean: overview and challenges / Rodrigo Martínez, Carlos Maldonado Valera .-- Part 2. Components and institutional framewoek of social protection. -- Chapter III. Labour market regulation and social protection: institutional challenges / Mario D. Velásquez Pinto .-- Chapter IV. Institutional aspects of Latin America's pension systems / Andras Uthoff .-- Chapter V. Care as a pillar of social protection: rights, policies and institutions in Latin America / María Nieves Rico, Claudia Robles .-- Part 3. Policies for specific populations and their institutional framework .-- Chapter VI. Life cycle and social policies: youth institutions in the region / Daniela Trucco .-- Chapter VII. Disability and public policy: institutional progress and challenges in Latin America / Heidi Ullmann .-- Chapter VIII. Latin American Afrodescendants: institutional framework and public policies / Marta Rangel.
The contributions in this compilation on the emergence of a new global order through BRICS serve to illustrate the complexities inherent in the creation of such a coalition - alternatively referred to as a 'grouping', 'association' or 'forum' - with each country differently situated geo-politically as well as ideologically and culturally, and in some instances even in conflict with one another in matters of regional peace and security. The fact that there are important commonalities of converging interests, amongst others, the status of emerging economic powers and the furtherance of South-South cooperation as well as reforming global governance, cannot and should not hide complexities and contradictions. These are clearly apparent both within and between the BRICS countries. These diversities are also clear from the varied perspectives of the chapter authors in this compilation, which is why we have assembled this collection relatively loosely as a means of expressing our intellectual and analytic convergences and divergences within and across BRICS. Each chapter contributor writes from a different discipline, country and regional perspective, and it is this diversity that enriches the debate and conversation. As such, there remains enormous room for debate on the subject matter of this book and the diverse contributions open up the parameters of the debate even further. The aim is to ensure that scholars, commentators and practitioners continue to engage critically with theory and practice related to global multilateralism, and BRICS in particular.
Latin America has been a complex laboratory for the development of international investment law. While some governments and non-state actors have remained true to the Latin American tradition of resistance towards the international investment law regime, other governments and actors have sought to accommodate said regime in the region. Consequently, a profusion of theories and doctrines, too often embedded in clashing narratives, has emerged. In Latin America, the practice of international investment law is the vivid amalgamation of the practice of governments sometimes resisting and sometimes welcoming mainstream approaches; the practice of lawyers assisting foreign investors from outside and within the region; and the practice of civil society, indigenous peoples and other actors in their struggle for human rights and sustainable development. Latin America and international investment law describes the complex roles that governments have played vis-à-vis foreign investors and investments; the refreshing but clashing forces that international organizations, corporations, civil society, and indigenous peoples have brought to the field; and the contribution that Latin America has made to the development of the theory and practice of international investment law, notably in fields in which the Latin American experience has been traumatic: human rights and sustainable development. Latin American scholars have been contributing to the theory of international investment law for over a century; resting on the shoulders of true giants, this volume aims at pushing this contribution a little further.