Economic Integration in Latin America
Universidad de Belgrano
Buenos Aires, Argentina
Area of Study
Economics, Latin American Studies
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units5
Hours & Credits
(PALAS 332) Economic Integration in LatAm
Program in Argentine and Latin American Studies
Universidad de Belgrano
In recent decades, Latin American countries have adapted quickly and
wisely to external changes in order to compete in the globalized world.
They have done so both individually and collectively. Starting from the
notion of a knowledge-based economy, this course will study how highly
educated and talented people and dynamic economies have crossed
national borders and taken advantage of the social and cultural
similarities of countries in the region as well as their geographical
proximity. In 1985,Argentina,Brazil,Paraguay, andUruguay created
Mercosur (whichVenezuela joined in mid-2012) in the belief that an
integration process was needed to reconfigure industries and trade,
coordinate policies and promote the insertion of its productive sector to
the world´s economy. This course will provide a truly comprehensive
perspective that will enable students to analyze and understand the
integration processes inLatin America and how they are helping regional
economies to compete globally. In the current world crisis scenario,
Mercosur?s industrial and commercial diversification through horizontal
integration and cooperation can serve as a case study of sorts to re-think
Class attendance is required of all students at UB. A 75% attendance to
classes is mandatory to keep the regular student status. An electronic
system keeps track of attendance. Students have to slide an electronic
card every class to comply with the attendance policy. Class
participation is very important; there will be several class discussions,
which will rely heavily on student participation. Students are expected to
conduct research for the final paper and consult the digital library
(EBSCO) for that purpose. UB holds to the view that plagiarism
constitutes intellectual theft and is a serious breach of acceptable
conduct. Any student caught plagiarizing will immediately be given a ?no
credit? for all courses taken in the semester. There will be no make ups
for classes falling on public holidays.
Participation 10 %
Paper presentation (oral & written) 30 %
Midterm 25 %
Final Exam 35 %
For a better understanding of the comparable table for grading, check the
conversion table onlinehttp://www.ub.edu.ar/studies/conversion_table.htm
Required Textbooks and Materials
Luis Argüero, ed. Course Reader
Introduction. Presentation of the course
The importance of integration in the current world scenario. Peace
through integration. Trade agreements, specialization & the Neo-
The economics of knowledge. Innovation and intangible capital. Creative
destruction. Technological progress in economic growth.
Knowledge as a non rival and partially excludable good. Monopoly and
competition. Social and private rates of return to investments in
education and R&D. Mapping R&D activity.Week 3
From cultural to social and economic integration. NAFTA, ASEAN.
Complementing industrial capabilities towards competing globally.
Inter-regional integration: crossing borders and avoiding capitals?
mediation. Silicon Belt in Japan-Korea-Taiwan-HK-Singapore. ZICOSUR.
Andean Community of Nations. PacificAlliance. South-South cooperation
and trade. Entering the Asian market. New centre of leadership in Latin
The failed ALCA and the retreating influence of theUSA in the region.
ALBA and the integration of ?leftist? governments.
Summit of theAmericas inMar del Plata. The boom of commodities and
new axes of power. 2008 crisis and its aftermath in the region.
How to integrate neighboring economies through cooperation. The case
of the automobile industry inLatin America.
Marketing macro-regions? products. Cost reduction and efficiency through
Review for the examWeek 8
Energy: Reserves, tendencies and countries? strategies in the 21st Century.
Inquiries about group work.
Group work 1: Environment policies and issues inArgentina and
Group work 2: Security policies and issues in Mercosur
Group work 3. Industrial capabilities of South American companies
Group work 4. Trade and industrial complementarities Mercosur +Chile ?
South East Asia.
Group work 5: Immigration to, from and within Mercosur.
Teleworking and new jobs through ICT: providing services in a globalized economy.
Managing conflicts. Cases inSouth America: Botnia conflict (Uruguay &
Argentina), Landlocked Bolivia and its access to thePacific Ocean.
FDI and its effects in developing economies. Flows of FDI to South
America. Main areas of inward FDI. Region?s potentials. Outward FDI.
Exports of finished products fromSouth America. Largest companies by
country. Moving up the value chain.
Open discussion:Latin America in the 21st Century?s economy: trade and
cooperation. Review for the final exam.
Final Grade Sheet and signature of ?Hoja de situación? (attendance is
_ Baker, B. (2012), Destination Branding for Small Cities (2nd ed.), Creative
Leap Books, Tualatin.
_ Capannelli, G., Lee, J-L., Petri, P.A. (2010), ?Economic interdependence in
Asia: Developing indicators for regional integration and cooperation?, The
Singapore Economic Review, Vol.55, No.1, pp. 125-161.
_ Cardim de Carvalho, F.J., ?Economic integration and development in Latin
America: Perspectives for Mercosul?, Journal of Post-Keynesian Economics, Vol.
32, No. 2, pp. 235-247.
_Florida, R. (2008), Who?s your city?. Basic Books, Nueva York.
_Florida, R. (2004), The Rise of the Creative Class: And How It's
Transforming Work, Leisure, Community and Everyday Life. Basic Books, Nueva
_ Foray, D. (2006), The Economics of Knowledge. MIT Press, Londres.
_ Gardini, G. L. (2011), ?MERCOSUR: What you see is not (always) what you
get?, European Law Journal, Vol.17, No.5, pp. 683-700.
_ Herreros, S. (2011), ?The Trans-Pacific strategic economic partnership
agreement: A Latin American perspective?, ECLAC ? Serie Comercio
Internacional, No. 106, 41 pages.
_ Khoudour-Castéras, D. (2010), ?Unexpected effects of theWashington
Consensus: Trade liberalization and migration flows inLatin America?, The
International Trade Journal, Vol.24, No.4, pp. 440-476.
_ Koschate-Fischer, N., Diamantopoulos, A. and Oldenkotte, K. (2012), ?Are
consumers really willing to pay more for a favorable country image? A study of
country of origin effects on willingness to pay?, Journal of International
Marketing, Vol. 20, No.1, pp. 19-41.
_ Laurssen, F. (ed.) (2010), Comparative Regional Integration, Ashgate.
_ Leipziger, D., Frischtak, C., Kharas, H.J. and Normand, J.F. (1997),
?Mercosur: Integration and industrial policy?, The World Economy, Vol.5, pp.
_ Nonaka,I., von Krogh, G. & Ichijo, K. (2000), Enabling Knowledge Creation.
OxfordUniversity Press, Nueva York.
_ Perry, N. an Schönerwald, C. (2012), ?Institutions, Geography, and terms of
trade inLatin America: An evaluation of the Washington Consensus?,
International Journal of Political Economy, Vol.41, No.1, pp- 66-94.
_ Rosales, O. and Kuwayama, M. (2010), ?South-South cooperation?,
Business Focus, April 1, 24-25.
_ Saxenian, A. (2006), The New Argonauts: Regional Advantage in a Global
Economy.HarvardUniversity Press, Nueva York.
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.