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Latin America: A Background

In: The Crossroads of Globalization A Latin American View

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  • Alfredo Toro Hardy

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.

Suggested Citation

  • Alfredo Toro Hardy, 2019. "Latin America: A Background," World Scientific Book Chapters, in: The Crossroads of Globalization A Latin American View, chapter 1, pages 1-19, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813277311_0001
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    More about this item

    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;
    All these keywords.

    JEL classification:

    • F6 - International Economics - - Economic Impacts of Globalization
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F02 - International Economics - - General - - - International Economic Order and Integration

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