Economic relations between Latin America and the European Union

Two opposing trends are currently shaping relations between the European Union and Latin America. On the one hand, political signals in both regions are positive and point the way to closer ties in the future; on the other hand, the situation with regard to the Union's trade with Latin America has worsened appreciably, with the region's trade surplus giving way to a deficit for the first time in four decades. This trend may jeopardize the progress made thus far. If we do not act now, trade-related tensions, the reduction of development assistance and the appearance of social or envir…

Human rights and the child

This article refers to the increasing importance being given to the children, as human people, with equal rights. It relates how, in 1959, the United Nations General Assembly proclaimed the value and dignity of the child as a human person and the need to give children the necessary protection for their growth and development. It describes the approval, in November 1989, of the Convention on the Rights of the Child, in the form of a legally binding agreement that the 171 ratifying States are obliged to fulfil. This constitutes one of the greatest achievements of the United Nations during its fi…

New trends in wage policies

Up to a few years ago, wages policy was a central instrument of macroeconomic policy in Latin America, and there was a great deal of State intervention in it. Now, in the early part of the 1990s, however, the countries of the region are mostly in a more balanced macroeconomic situation and have gone a long way in their process of trade openness. Both these factors heighten the importance of costs, in view of the need to maintain the competitiveness of national production, so that the search for instruments to facilitate control over costs, including labour costs, is now a constant concern. The…

Transnationalization and integration of production in Latin America

Trade among the ALADI countries has grown with exceptional vigour so far in the 1990s, especially in the branches of metal products, machinery and equipment, chemical products, and foodstuffs, beverages and tobacco. In order for this dynamic growth to be sustainable in the long term, these countries must develop their intra-industry trade by promoting reciprocal supply in those branches. The bulk of transnational productive capital in Latin America is concentrated in those branches, and it is in the metal products, machinery and equipment sector that the swiftest increase in intra-industry tra…

Economic relations between Latin America and the high-performing Asian developing economies

This study examines South-South economic relations in the context of regionalism. It covers three Latin American countries and eight high-performing Asian developing economies. Although the level of trade and investment between these two groups is currently very low, trade is growing fast and there are indications that the potential for continued growth exists. Although regionalism is advancing in both these parts of the world, it has so far not affected the ties between the two groups of countries, and in fact inter-regional trade growth has recently been exceeding intra-regional …

The present state and future prospects of the environment in Latin America and the Caribbean

Most studies of the region's economy say little or nothing about the status of its environment and natural resources; few references are made to the environmental quality of population centres or to fluctuations in natural resource stocks, especially of renewable resources, despite their crucial importance for the region's development options. The no more than moderate pace of the region's absorption of technical progress, the intensification of its international trade and the declining value of the region's products in the international marketplace have all brought increas…

Port privatization, labour reform and social equity

Governments of the ECLAC region have promulgated labour regimes which support port workers' desire for stable wages and job security, isolate them from market signals and create cargo-handling monopolies. The advent of a global economy, the introduction of export-led growth policies, the acquisition of advanced cargo-handling equipment and electronic information systems, and the participation of private interests in the offer of port services permit enterprises to compare, purchase and employ raw materials, labour and service inputs worldwide, and have transformed the traditional concept …

Capital movements and external financing

This article explores the causes, consequences, magnitude and forms of a phenomenon which is of fundamental importance in the current scene and has enormous implications for the Latin American economies: the growing pace of international capital movements. Many billions of dollars are shifted across national borders by satellite, and a small part of this amount has become the basic element in Latin America's external financing. This financial globalization has its roots in the accumulation of enormous tied liquid surpluses, the generalized liberalization of capital accounts after the coll…

Economía política del proteccionismo después de la Ronda Uruguay

En este artículo se examina la interacción de las políticas nacionales y los intereses extranjeros en el marco institucional que administrará la Organización Mundial del Comercio (OMC);. Presenta un marco teórico que trata a la OMC como el foro de un juego de superposición que proporciona las normas para mantener un sistema de libre comercio entre economías periódicamente sometidas a presiones proteccionistas. Los juegos de superposición tienen lugar cuando determinado jugador participa simultáneamente en juegos contra distintos oponentes y cuando la estrategia seguida en un juego limita las e…

The creation of the United Nations and ECLAC

As an active participant in the creation of both institutions, Mr. Hernán Santa Cruz relates the establishment and the first steps of the Organization of the United Nations, as well as the origins and foundation of the Economic Commission for Latin America.…

Summary report of the Caribbean meeting of experts on Implementation of the SIDS Plan of Action

The Caribbean Meeting of Experts on Implementation of the SIDS Programme of Action, held at the Holiday Inn Hotel, Port of Spain, Trinidad and Tobago, 17-19 May 1995 was convened to review progress towards implementation of the SIDS Programme of Action (SIDS-POA), to discuss constraints on the effective implementation of the Programme and to agree on priority areas for action. It was organized by the Economic Commission for Latin America and the Caribbean/Caribbean Development and Cooperation Committee (ECLAC/CDCC), in collaboration with the United Nations Development Programme’s Special Unit …

A summary of the ECLAC proposals

There is growing consensus that although a solid, balanced macroeconomic base is a necessary condition for development, it is not of itself enough to ensure that development is actually achieved or that its fruits will be enjoyed by the population as a whole. In a series of documents, ECLAC has been defining a coherent agenda of public policy reforms designed to ensure a change in production patterns accompanied by greater social equity. This article seeks to present a summary of this proposal, leaving aside for this reason the underlying diagnosis of the regional situation and the general fra…

The political economy of protection after the Uruguay Round

This paper discusses the interplay between domestic policies and foreign interests under the institutional framework to be administered by' the World Trade Organization (WTO);. It presents a theoretical model that treats the WTO as the forum for an overlapping game which provides the rules for the maintenance of an open trading system among economies that are periodically submitted to protectionist pressures. Overlapping games occur when a particular player is engaged at the same time in games against distinct opponents, and when the strategy pursued in one game limits strategies availabl…

The privatization of public water utilities

Latin America has kept in step with the worldwide trend towards the privatization of public utilities. Its motivation for doing so stems from a number of factors: an economic philosophy, its quest for greater efficiency, macroeconomic situations, debt-equity swaps, decisions to bring private capital into the management of public utilities during times of economic crisis, and others. This article analyses the characteristics and components of public utilities, the differences existing between one utility and another (particularly in terms of their capital/revenue ratio);, the rigidity of supply…

Governance, competitiveness and social integration

This article seeks to set forth the grounds for an approach integrating political governance, economic competitiveness and social integration as interdependent variables. To this end, it looks at the possibilities for Latin American society to simultaneously increase its capacity for democratic self-government, improve its economic competitiveness and tackle the main problems of social exclusion and poverty, since if this is not done the region will find it more difficult to take its place in the concert of modern democratic nations. In order to analyse the evolution of those variables from a …

Democracy and development

Address delivered by H.E. Fernando Henrique Cardoso, President of the Federative Republic of Brazil, on the occasion of his visit to ECLAC Headquarters Santiago, Chile, 3 March 1995. Document is available for download.…

Guía metodológica general para la preparación y evaluación de proyectos de inversión social = General methodological manual for the preparation and evaluation of social investment projects

Recent economic trends in China and their implications for trade with Latin America and the Caribbean

Among the East and Southeast Asian economies often regarded as the most successful showcases, the People's Republic of China (PRC); occupies an outstanding place. This economy has one of the fastest growing GNPs in the world, and its outward orientation in the post-Mao Zedong era has made the country a significant world trade partner, so that the question of whether or not the economy stays on its sustained growth path will affect the welfare of the world economy in its entirety, including Latin America. The deepening of the ongoing economic reforms, coupled with prudent macro policies, s…

El punto de vista de las empresas transnacionales acerca del reciente documento de la OECD: Transfer pricing guidelines for multinational enterprises and tax administrations"

Anuario Estadístico de América Latina y el Caribe 1994 = Statistical Yearbook for Latin America and the Caribbean 1994

La edición 1994 del Anuario estadístico de América Latina y el Caribe contiene una selección actualizada a comienzos de diciembre de las principales series estadísticas disponibles sobre la evolución económica y social de los países de la región.…