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61. A Resurgent MERCOSUR: Confronting Economic Crises and Negotiating Trade Agreements

Author:
Thomas Andrew O'Keefe
Publication Date:
02-2003
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
Almost from the day it was launched on March 26, 1991, skeptics have predicted the imminent collapse of the Common Market of the South (Mercado Común del Sur — MERCOSUR), while some economists have fretted about the project's supposed protectionist designs to create a trade fortress. The most memorable example of the latter was a 1996 report written by a World Bank economist that relied on out-of-date trade statistics and attributed to MERCOSUR policies that were actually pre-existing national automotive regimes. More recent tirades have tried to blame Argentina's economic meltdown on its MERCOSUR membership. A well-known economist from a New York City investment bank has even gone as far as to proclaim MERCOSUR dead. Given all the invective directed against efforts to integrate South America's Southern Cone economically over the past decade, it is not surprising that MERCOSUR is misunderstood by many in North America.
Topic:
Economics, International Trade and Finance, and Treaties and Agreements
Political Geography:
South America, Latin America, and North America

62. Picking Up the Pieces: Comparing the Social Impact of Finacial Crisis in Mexico and Argentina

Author:
Manuel Pastor and Carol Wise
Publication Date:
10-2003
Content Type:
Working Paper
Institution:
Center for International Studies, University of Southern California
Abstract:
After a committed process of macroeconomic stabilization that began during the mid-1980s in most of Latin America, many observers began to speak of the need for a “second generation” of reforms that could more firmly establish the bases for economic growth and correct for longstanding distributional inequities. By the mid-1990s serious reformers like Argentina and Mexico seemed to be on the cusp of tackling this distributional backlog by launching so-called second phase market reforms meant to correct for earlier shortcomings in the social realm (Naím 1995; Pastor and Wise 1999). However, in both cases, financial crises erupted: Mexico's crash of December 1994, which saw a forty percent devaluation of the peso and a massive outflow of portfolio capital; and, more recently, Argentina's 2002 meltdown, which while simmering since the Brazilian devaluation of 1999, finally caused the country's commitment to a fixed exchange rate to be abandoned.
Topic:
Economics and Government
Political Geography:
Brazil, Argentina, South America, Latin America, North America, and Mexico

63. The Bombardier-Embraer Dispute and its Implications for Western Hemisphere Integration

Author:
Jonathan P. Doh
Publication Date:
12-2003
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
Government subsidies are a pervasive problem for international trade and economic development. Subsidies distort investment decisions, generally squander scarce public resources, skew public expenditures toward unproductive uses, unfairly discriminate against efficient industries and firms, and prompt wasteful overconsumption of some products over others. Despite efforts to limit subsidies through trade and investment policy disciplines, subsidization remains a constant on the global trade policy and international business landscape.
Topic:
Economics, International Trade and Finance, and Treaties and Agreements
Political Geography:
South America, Latin America, Central America, Caribbean, and North America

64. Are Neighbours Equal? Estimating Local Inequality in Three Developing Countries

Author:
Chris Elbers, Peter Lanjouw, Johan Mistiaen, Berk Ozler, and Ken Simler
Publication Date:
07-2003
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
Based on a statistical procedure that combines household survey data with population census data, this paper presents estimates of inequality for three developing countries at a level of disaggregation far below that allowed by household surveys alone. We show that while the share of within-community inequality in overall inequality is high, this does not necessarily imply that all communities in a given country are as unequal as the country as a whole. In fact, in all three countries there is considerable variation in inequality across communities. We also show that economic inequality is strongly correlated with geography, even after controlling for basic demographic and economic conditions.
Topic:
Development and Economics
Political Geography:
Africa and South America

65. Venezuela Alert: Recent Developments in Venezuela

Publication Date:
10-2003
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies
Abstract:
The Struggle over the Referendum On September 25, the new National Electoral Commission (CNE) issued the regulations that will govern referenda for the recall of elected officials. These long-awaited norms will make it possible for a popular vote to be held on President Chávez's stewardship in office by early March (157 days from the time the opposition submits a request to the commission, as it now has done). The commission's decision—not really welcomed by the president—changes Venezuela's political landscape. Although the outcome of the campaign for a referendum remains in doubt, this action gives encouragement to the alliance of the opposition parties seeking the president's removal. Chávez will now have to consider how to adjust his own strategy to deal with this new situation.
Topic:
Security, Economics, and Politics
Political Geography:
South America and Latin America

66. Argentina Alert: Welcome to Washington President Kirchner

Author:
Miguel Diaz
Publication Date:
07-2003
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies
Abstract:
At the invitation of the White House, Argentina's newly elected president, Nestor Kirchner, will be paying a visit to President George W. Bush this Wednesday, July 23. This is the latest and most notable signal from Washington of an interest in engaging and working with the new government in Buenos Aires. The hope in Foggy Bottom is that this outreach can translate into the kind of constructive and comprehensive relationship that President Bush has established with Brazil's new president, Luis Inácio Lula da Silva, Kirchner's regional partner. Whether Kirchner has the savvy to exploit the gesture to set a tone for the bilateral relationship and establish the general parameters of a mutually rewarding policy agenda will be evident soon enough.
Topic:
Security, Economics, and Politics
Political Geography:
South America and Latin America

67. Venezuela Alert: Developments

Publication Date:
06-2003
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies
Abstract:
In a solemn ceremony in Caracas, presided over by César Gavíria, secretary general of the Organization of American States (OAS), the Chávez administration and the Coordinadora Democrática signed a pre-referendum accord. In his remarks, Gavíria characterized the document as an important political step. The result of several weeks of quiet diplomacy, the agreement bridges the differences that had developed over an earlier April 21 draft. The most important provision of the document is paragraph 12, which envisages the possible invocation of article 72 of the constitution—a recall referendum—if the National Electoral Commission (CNE) decides that the conditions for such a referendum have been met.
Topic:
Security, Economics, and Politics
Political Geography:
South America and Latin America

68. Argentina Alert (Double Issue)

Author:
Miguel Diaz and Carlos M. Regúnaga
Publication Date:
05-2003
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies
Abstract:
Argentina's national mania to experiment with new rules, procedures, and institutions never ceases to produce surprising, and sometimes stunning results. This time, the electoral process has been managed in such a bizarre way that as a result, the primary election of the Peronist Party will take place after the general election rather than before, as one would expect in a normal, more boring country.
Topic:
Security, Economics, and Politics
Political Geography:
Argentina, South America, and Latin America

69. Argentina Alert: Summary of the Elections

Author:
Carlos M. Regúnaga
Publication Date:
05-2003
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies
Abstract:
Voter turnout for the April 27 elections was among the highest in record: about 80 percent of the total population eighteen years old and older. The number of empty ballot envelopes was less than 1 percent, and votes annulled were within the normal margins in any election. All of this indicates that the protest vote (“voto bronca”), which was so high in the 2001 congressional elections, was not a factor in this election. The large number of candidates—and the exceptionally high number of candidates with the possibility of reaching the second round presidency on May 18 in particular—may have convinced electors to cast positive votes.
Topic:
Security, Economics, and Politics
Political Geography:
Argentina, South America, and Latin America

70. Chile Uses Institutional Strength-To Counter Corruption Scandals

Author:
Luis Pinto
Publication Date:
04-2003
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies
Abstract:
Since Augusto Pinochet stepped down as president in 1989, Chile has been one of the most politically, socially, and economically successful countries in the region. The country has been able to move forward because of its aggressive promotion of exports, strength of its institutions, and the trust it has built with the international community. Recently however, Chile has found itself opposing the United States, a long time champion and supporter; it was also embroiled in several domestic corruption scandals. Chile has turned to the strength of its institutions and its international credibility to get back on track.
Topic:
Security, Economics, and Politics
Political Geography:
United States, South America, Latin America, and Chile