International Studies Abroad ®est. 1987


Latin American Studies - Universidad de Belgrano (UB) - Fall 2 2017
Economic Integration in Latin America

Course Code: PALAS 332
Language of Instruction: English
Course taken with: International Students
Universidad de Belgrano (Buenos Aires, Argentina)
Area of Study
Latin American Studies in English (PALAS)
Hours & Credits


Contact Hours


Recommended U.S. Semester Credits


Recommended U.S. Quarter Units

Course Level Recommendations:

Recommendation: Upper Division

ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators. We advise each institution to have their own credentials evaluator make the final decision regarding course levels.
Prerequisites and Language Level

Language Level: Taught In English


(PALAS 332) Economic Integration in LatAm

Program in Argentine and Latin American Studies

Universidad de Belgrano

Course Description

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

regional development.

Course Requirements

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.

Grading Policy

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 online

Required Textbooks and Materials

Luis Argüero, ed. Course Reader

Academic Calendar

Week 1

Introduction. Presentation of the course

The importance of integration in the current world scenario. Peace

through integration. Trade agreements, specialization & the Neo-

Ricardian economy

Week 2

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.

Week 4

Inter-regional integration: crossing borders and avoiding capitals?

mediation. Silicon Belt in Japan-Korea-Taiwan-HK-Singapore. ZICOSUR.

Week 5

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.

Week 6

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.

Week 7

Marketing macro-regions? products. Cost reduction and efficiency through


Review for the exam

Week 8

Midterm Exam

Energy: Reserves, tendencies and countries? strategies in the 21st Century.

Week 9

Special Guest.

Inquiries about group work.

Week 10

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.

Week 11

Group work 5: Immigration to, from and within Mercosur.

Teleworking and new jobs through ICT: providing services in a globalized economy.

Week 12

Managing conflicts. Cases inSouth America: Botnia conflict (Uruguay &

Argentina), Landlocked Bolivia and its access to thePacific Ocean.

Week 13

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.

Week 14

Open discussion:Latin America in the 21st Century?s economy: trade and

cooperation. Review for the final exam.

Final Exam

Week 15

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.

*Course content subject to change. Please contact your ISA Site Specialist for more information.

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Courses and course hours of instruction are subject to change.