The three strands of Latin American economic development and its influence on continental integration: neoliberalism, neodevelopmentalism and socialism
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Abstract
Latin American continental integration processes are based on three columns: a diplomatic column, associated with various supranational integration organizations (ALBA, Mercosur, etc.); another political column, which has to do with different ways of understanding the democratic political system; and a third politic-economic column, associated with three different models of economic development following economic schools with differentiated recipes (neoliberalism, neodevelopmentalism and different ways of socialism). The combination of economic development policy, a model of political democracy and a line to follow in foreign policy shapes Latin American integration models that are very different, and even incompatible with each other. Although these three models contribute, in their own way, to Latin American integration, in our opinion, only the socialist model contains solid elements to strengthen this long-term integration.
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