The internationalization of the Latin American economies: Some reservations

Since the mid-1960s, the Latin American economy —particularly in the case of the large- and medium-sized countries— has been undergoing a process of increasing internationalization, which is signifying a progressive assimilation and overlapping between the internal market of the countries of the region and the market In which world trade is carried on. This new pattern of development has been profusely analysed in the literature of economics, and as a general rule the emphasis has been placed on its positive aspects.