CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

English Spanish

Globalization and convergence: Latin America in a changing world

A new international order which is the result of the recent changes in international political and economic relations is in the process of formation. The initial characteristics of this order point to a world setting in which the centripetal forces seem to be more marked than in the past and arc leading to a more convergent world favourable to greater consensus, in which the actions of each country have repercussions on those of the others, so that concertation and harmonization become necessary. Together with these forces, however, there are others of a centrifugal nature, such as the awakening nationalisms in eastern and southern Europe and the pressures for greater protectionism by those who are having to bear the burden of the adjustment to a more convergent world.

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