Contemporary Latin America (Contemporary States and by Ronaldo Munck

By Ronaldo Munck

A wide-ranging severe advent to modern Latin the United States, written in an obtainable and student-friendly sort by means of a widely known authority at the quarter. Ronaldo Munck offers a wide advent to historic context, modern politics, political economic climate, society and tradition, and of the clients of the continent in a altering international.

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This very uneven connectivity of Latin America in terms of the new network-based global economy will have an increasingly serious impact; as Manuel Castells writes, ‘exclusion from these networks is one of the most damaging forms of exclusion in our economy and in our culture’ (Castells, 2001: 3). Political Economy Issues It is most common to find a global region such as Latin America defined in terms of the ‘struggle for development’ or ‘overcoming Introduction: Setting and Issues 19 underdevelopment’.

It is estimated that the 15–26-year-old cohort will rise from 102 million in 2000 to 122 million in 2025, whilst at the same time the population of the developed countries is ‘greying’ and thus absorbing more savings. But the IDB scenario is dependent on capital flow from the developed countries to Latin America that will create jobs and generate a yield to cope with their own ageing populations. In practice these capital flows depend on profitability opportunities and political stability, both of which are necessarily uncertain.

Yet if we take the ‘high scorers’ – Mexico, Brazil and Argentina – these are also the countries with the highest levels of industrialization and urbanization. Industry may be ‘dirty’, but it is also a precondition for social development. Conversely, ‘clean’ countries can be so because of a degree of social regulation over the economy such as in Costa Rica or Uruguay, or on the other hand because there is hardly any industrialization as in Paraguay and Nicaragua. In international terms, Latin America can be seen to account for a very small proportion of carbon dioxide emissions, the Amazon rainforest depredation notwithstanding.

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