Latin America: It's Future in the Global Economy is a timely contribution to the effort to meet the complex challenges entailed in Latin America's increasing participation in world markets. Taking into account the recent changes in the region and a future WTO conference, twelve economists and two international trade lawyers provide a framework for the analysis of trade negotiations by identifying key points of disagreement among trading partners, and discuss controversial issues such as the environment, labour and agriculture, exceptional protection, investment, services, e-commerce and the efficiency of the dispute settlement mechanism. The contributors identify the optimum approach for Latin America to take in protecting its interests and enhancing its advantages in global trade, and assess the various tools that negotiators might use during the forthcoming round of multilateral negotiations. They make concrete recommendations concerning trade strategy, policy, implementation and management together with suggestions as to how Latin America and other developing countries can increase their bargaining power in order to deal with new circumstances as they arise.

This book analyses how financial elites in key dollar-holding emerging markets perceive the contest between the euro and the dollar for global currency status. It also assesses how far the Eurozone has gone in challenging US hegemony in monetary affairs through the prism of these elites. Drawing on Chartalist and Constructivist theories of money, the author provides a systematic approach to studying global currency dynamics and presents extensive original empirical data on financial elites in China, Saudi Arabia, the UAE and Brazil. The author demonstrates, amongst other things, how the gradual ascendance of a structurally flawed currency like the euro has highlighted the weaknesses of the dollar ad how the euro has demonstrated that sovereignty sharing in monetary affairs is possible and that the international monetary system can be a multicurrency and multilateral system. In this highly innovative and important book, Otero-Iglesias shows the importance of studying financial elites in Brazil, China and the GCC countries in order to understand the full impact, material and ideational, of the euro in the transformation of the IMS. It will be vital reading for students and scholars of International Political Economy, International Economics, International Finance, Economic History, Economic Sociology, International Relations, Comparative Political Economy and Comparative Politics.

This is the latest in a series of annual reports regarding foreign direct investment (FDI) in Latin America and the Caribbean region. It discusses: recent trends and strategies in FDI flows to the region; FDI and corporate strategies in Argentina; the EU's investment role and the business strategies of european transnational corporations; and the oil industry and the hydrocarbons sector.

This book presents a review of the South American integration process in a global context, with the main factors of success and failure, by comparing it with the European Union development. It also presents South American integration in a regional context; with its subregional pacts and the development of the South American Union of Nations (UNASUR) and how the regionalization faced its stagnation and changed its objectives, replicating and amplifying successful experiences in the integration process. The book presents comparisons between South American and EU integration structures and policies featuring the supranational executive bodies concerned, the judicial structures, the legislative functions and the monetary systems plus common foreign and security policy and common social and development policy of both entities: three supranational institutions and three common policies that define a regional bloc. To avoid diffusing the research, only one of those dimensions receives a deeper analysis: the supranational executive bodies comparison. The second part of this book introduces the Game Theory, a shared-decision model with two or more players that have different priorities for the same decision. The Game Theory analysis is used here to evaluate two typical scenarios of South American regional policy conflicts, pointing out the important role of the exertion of supranational executive power to foster the integration process. The conclusions focus on the main challenges: the existing asymmetries between South American states and the lack of a clear leadership in the region; giving a positive assessment to the new functional approach taken by South American nations. This approach could offer them good chances to foster regional development and allow progress of South American integration. The final comments propose new fields for the Game Theory technique in the integration process analysis.