LATIN AMERICA: A BACKGROUND

Alfredo Toro Hardy

Chapter 1 in The Crossroads of Globalization:A Latin American View, 2019, pp 1-19 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Since the beginning of their independent life, Latin American countries opted for free trade and access to international capital markets. As the new states began to stabilize, the ruling elites decided that the future development of the region was to be linked to the export of natural resources and the import of needed capital goods. From the mid-nineteenth century onwards, Latin American exports began to expand, bringing with them economic growth. Between the 1860s and the 1910s, Latin American grew more than other peripheral regions and kept pace with European growth, even though at a lesser pace than the United States or Germany.

Keywords: Globalization; Latin America; Indo-Pacific Area; China; India; East Asia; South China Sea; Supply Chains; Global Chains of Value; Global Cities; Maritime Routes; United States (search for similar items in EconPapers)
JEL-codes: F02 F13 F6 (search for similar items in EconPapers)
Date: 2019
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