Globalization and the World Trade Organization: Latin America at a Crossroads

Luis Fernando Jaramillo Correa

Chapter 1 in Latin America, 2002, pp 1-24 from Palgrave Macmillan

Abstract: Abstract Globalization, defined as an economic, political, social and cultural process that determines how societies interact and how they are structured,1 works to the advantage of those countries that have the material and technological bases that enable them to operate within the system. Once again, it is the industrialized countries that have the upper hand. The developing world, including Latin America, is at a political and economic crossroads; its future will depend on the solutions it finds for staying afloat and laying the foundations for its development, and those solutions will also determine its integration within international organizations, which like the World Trade Organization (WTO), are the decision-making bodies that shape world economic and trade relations.

Keywords: Free Trade; World Trade Organization; Latin American Country; Concerted Action; North American Free Trade Agreement (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-55459-7_1

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DOI: 10.1057/9780230554597_1

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