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EMPRESAS TRANSNACIONALES Y EVOLUCION DE LA INTEGRACION COMERCIAL EN AMERICA LATINA: 1995-2008
Raul Vazquez Lopez Institute of Iberoamerican Studies Pusan Universit 2011 International Journal of Latin American Studies Vol.1 No.1
This article assesses the commerce evolution among the most important Latin American countries in the 1995-2008 periods, using as reference the existing theoretical debate on economic integration literature in terms of static versus dynamic competitive advantages. It is highlighted in particular, the historical role of the transnational enterprises as a barrier to build a project configured according to the ECLA (Economic Commission for Latin America ?CEPAL is the Spanish acronym?) theoretical propositions. Our main findings shows that the consolidation of global value chains promoted by large corporations accentuates the existing asymmetries between the nations and opposes to the development of a real complementarity among the productive structures of the Latin American economies. We also characterize the growing commercial deficit on service trade of the stronger economies as a new form of dependence. The article concludes then, by estimating the viability of an alternative economic integration project for the region.