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

In: Latin America

Author

Listed:
  • Luis Fernando Jaramillo Correa

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.

Suggested Citation

  • Luis Fernando Jaramillo Correa, 2002. "Globalization and the World Trade Organization: Latin America at a Crossroads," Palgrave Macmillan Books, in: Patricia Gray Rich (ed.), Latin America, chapter 1, pages 1-24, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-55459-7_1
    DOI: 10.1057/9780230554597_1
    as

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