Latin America in the Global Economy

Course Description:
This course outlines commercial relations within Latin America as well as relations between Latin America and the major geo-economic regions, such as the European Union, NAFTA and ASEAN. The main aspects discussed are economic cooperation, trade, business development and socio-political issues. Special emphasis is placed on the role of international organizations and multinational corporations in economic development. The prospects of BRIC countries (Brazil, Russia, India and China) for becoming economic leaders will also be addressed.

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(PALAS 400) Latin America in the Global Economy

Professor: Engineer José Gustavo Roger

Program in Argentine and Latin American Studies

Universidad de Belgrano

Course Syllabus 2010

Course Schedule (C9)
Tuesdays: 5:30 - 7 PM
Thursdays: 5:30 - 7 PM

Instruction in: English

Contact Information:

E-Mail Contact (Program Office):

Course Description

The course offers an overview of the international relations of the Latin American countries in
relation to the world globalized economies; i.e.: European Union (EU), NAFTA and ASEAN. Main
aspects to be taken into account are: economic cooperation, trade issues, business development
and socio-political aspects. Although all the regions will be taken into account, a special stress will
be put not only in the cases of the economic relations with the E.U., NAFTA and ASEAN, but also
within the Latin American Region and in the role of international organizations and multinational
corporations in the economic development. The prospects of BRIC (Brazil, Russia, India and
China) as economic leaders of the world will also be addressed. The analysis will be
complemented with selected case studies: Knowledge and Development; Economy and the
Environment; Technology Transfer and the Role of Multi-National Companies.

Course Requirements

Students are expected to have a basic knowledge of Micro and Macroeconomics to take this
course. During the first week, a Level Test (written) will be taken. 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 attendance policy.

Grading Policy

Oral Presentations (OP), Attendance and Participation 30 %
Mid-Term Exam 30 %
Final Exam 40 %
For a better understanding of the comparative table grading: check the Orientation Kit.

ACADEMIC CALENDAR: COURSE SYLLABUS AND SCHEDULE

WEEK 1. Introductory Classes (#1: Tuesdays ; #2: Thursdays)
1.1.- Presentation of the Course: analysis of contents and work program.
1.2.- Level Evaluation (Written Test). Scheme of the Oral Presentations and Time Schedule
WEEK 2. Evolution of the International Economic Relations
2.1.- The evolution of the economic science. From the "Three Worlds of Economics" to present day
"Global Economy". The "Economic Convergence"
2.2.- The "New Wealth of Nations" and "The Two Capitalisms". The future of capitalism in the present context
of globalization (positive and negative aspects).
BASIC BIBLIOGRAPHY
? ROGER, José Gustavo; "The Latin American Role in a context of Economic Globalization", 2009 Updated
Version, available at the University of Belgrano Bookstore (Not available in Internet). Chapter 1 (Annex)
COMPLEMENTARY BIBLIOGRAPHY (NOTE: ADDITIONAL BIBLIOGRAPHY INCLUDED IN PROF. ROGER´S BOOK)
? Albert, Michel; "Capitalisme contre Capitalisme"; Ed. Seuil; Paris, Last Edition.
? Giddens, Anthony; "The Third Way"; Cambridge, England, 1998.
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WEEK 3. Internal Factors that affect Latin American Economies
3.1.- Analysis of the Internal factors that affect the economic relations between L. A. (and other less
developed countries) with the industrial countries (Europe, USA, ASEAN).
3.2.- The "Inverted Pyramid" of LAC. BEGINNING OF THE ORAL PRESENTATIONS PERIOD (OP)
BASIC BIBLIOGRAPHY
? ROGER, José Gustavo; "The Latin American Role in a context of Economic Globalization", 2009 Updated
Version. Chapter 1.
COMPLEMENTARY BIBLIOGRAPHY (NOTE: ADDITIONAL BIBLIOGRAPHY INCLUDED IN PROF. ROGER´S BOOK)
? Porter, Michael; "The Competitive Advantage of Nations"; Free Press; N. Y., 1998.
? Thurow, Lester; "The Future of Capitalism"; Ed. William Morrow and Co.; N. Y., 1996.
WEEK 4. External factors that affect L. A. Economies
4.1.- Analysis of the External Factors that affect the economic relations between L. A. (and other LDC´s) with
the industrial countries (IC´s).
4.2.- The crisis of globalization: Asia 1997, Rusia 1998, Argentina 2001("The Fairy Tale"). The Global Crisis
(2008 +). The European Crisis (2010). (OP)
BASIC BIBLIOGRAPHY
? ROGER, José Gustavo; "The Latin American Role in a context of Economic Globalization", 2009 Updated
Version. Chapter 1.
COMPLEMENTARY BIBLIOGRAPHY (NOTE: ADDITIONAL BIBLIOGRAPHY INCLUDED IN PROF. ROGER´S BOOK)
? Soros, George; "The New Paradigm for Financial Markets: The Credit Crisis of 2008"; Public Affairs; New
York, 2008. (Complementary Text, also by Soros : "The Crisis of Global Capitalism" ).
? Stiglitz, Joseph; "Globalization and its Discontents"; Norton and Company ; London-New York , 2003.
WEEK 5. The Role of International Organizations. Objectives and proposals for L.A.C.
5.1.- The International Monetary Fund (IMF), The World Bank (IBRD), The World Trade Organization (WTO)
and others in L.A. economic relations.
5.2.- Objectives and proposals for the L. A. Countries in the next decade. (OP)
BASIC BIBLIOGRAPHY
? ROGER, José Gustavo; "The Latin American Role in a context of Economic Globalization", 2009 Updated
Version. Chapters 1 and 2.
COMPLEMENTARY BIBLIOGRAPHY (NOTE: ADDITIONAL BIBLIOGRAPHY INCLUDED IN PROF. ROGER´S BOOK)
? The World Bank ? Online : [ www.worldbank.org ]
? The IMF ? Online : [ www.imf.org ]
? World Trade ? Online : [ www.wto.org ]
WEEK 6. Knowledge and Information
6.1.- Knowledge and Information: The three main gaps. The role of Europe, USA and ASEAN, in
narrowing the gap with the less developed countries; the role of international organizations.
6.2.- Proposals of policies to be implemented in the 21st Century.
BASIC BIBLIOGRAPHY
? ROGER, José Gustavo; "The Latin American Role in a context of Economic Globalization", 2009 Updated
Version. Chapter 5.
COMPLEMENTARY BIBLIOGRAPHY (NOTE: ADDITIONAL BIBLIOGRAPHY INCLUDED IN PROF. ROGER´S BOOK)
? OECD; "The Knowledge Based Economy"; Paris, 2005.
? UNESCO; "Statistical Yearbook" and "World Education Report"; Paris; Yearly Publications.
WEEK 7: Technology Transfer (TT). The Role of Multinational Companies in TT
7.1.- Technology transfer: Introduction; types of TT; key factors in TT.
7.2.- Foreign direct investment (FDI). The role of multinational corporations in TT. Two-Way TT.
BASIC BIBLIOGRAPHY
? ROGER, José Gustavo; "The Latin American Role in a context of Economic Globalization", 2009 Updated
Version. Chapter 6.
COMPLEMENTARY BIBLIOGRAPHY (NOTE: ADDITIONAL BIBLIOGRAPHY INCLUDED IN PROF. ROGER´S BOOK)
? Journal of Technology Transfer (several articles); Springer Science & Business Media; 2009-2010.
? PORTER, Michael; "The Competitive Advantage of Nations"; Free Press; N. Y. , 1998.
WEEK 8: Economy and the Environment
8.1.- General considerations. The role of governments and international organizations.
8.2.- Sustainable development. The economics of environmental control.
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BASIC BIBLIOGRAPHY
? The World Bank; "World Development Report 2003: Sustainable Development in a Dynamic World";
Washington, D.C.; 2002.
COMPLEMENTARY BIBLIOGRAPHY (NOTE: ADDITIONAL BIBLIOGRAPHY INCLUDED IN PROF. ROGER´S BOOK)
? FIELD, Barry; "Environmental Economics; McGraw-Hill; New York; 2001.
? LUTZ, E.; "Towards Improved Accounting for the Environment"; UNSTAT Report; Washington, 1993.
? ROGER, J. Gustavo; "Economía y Medio Ambiente" (Spanish version only); Ed. UB; Buenos Aires, 2005
WEEK 9. Economic integration and globalization.
9.1.- First and Second Generation Economic Schemes in Latin America. From ALALC to MERCOSUR.
9.2.- The prospects of a South American Union (UNASUR/ BANSUR). The effects of the global crisis. (OP)
BASIC BIBLIOGRAPHY
ROGER, José Gustavo; "The Latin American Role in a context of Economic Globalization", 2009 Updated
Version. Chapter 3.
COMPLEMENTARY BIBLIOGRAPHY (NOTE: ADDITIONAL BIBLIOGRAPHY INCLUDED IN PROF. ROGER´S BOOK)
? Arnaud, V.G.; "Mercosur, Unión Europea, NAFTA y los procesos de Integración Regional"; A.Perrot; 1999.
? CEI (Center of International Economics of Argentina); "MERCOSUR 2002: Economic Growth and New
Investment Opportunities"; Buenos Aires, 2002. (Updated versions are only available in Internet).
WEEK 10: 10.1.-MID-TERM WRITTEN EVALUATION. 10.2.- Delivery of Grades. (OP)
WEEK 11. Economic Integration between MERCOSUR and The European Union (E.U.)
11.1.- A picture of the E.U. and its relations with L.A. The Framework Agreement EU ? MERCOSUR
11.2.- Prospects of integration in a global context. The role of the WTO. (OP)
BASIC BIBLIOGRAPHY
? ROGER, José Gustavo; "The Latin American Role?..", 2009 Updated Version. Chapter 4.
COMPLEMENTARY BIBLIOGRAPHY (NOTE: ADDITIONAL BIBLIOGRAPHY INCLUDED IN PROF. ROGER´S BOOK)
? Arnaud,V. G.;"Mercosur, Unión Europea, NAFTA y procesos de Integración Regional"; Ed. A. Perrot;1999.
WEEK 12. The Pan American Integration Case
12.1.- From the "Alliance for Progress" to the "Initiative for the Americas". Present situation of NAFTA.
12.2.- The proposal and future prospects of a Free Trade Association of the Americas (FTAA / ALCA).(OP)
BASIC BIBLIOGRAPHY
? ROGER, José Gustavo; "The Latin American Role?..", 2009 Updated Version. Chapter 4.
COMPLEMENTARY BIBLIOGRAPHY (NOTE: ADDITIONAL BIBLIOGRAPHY INCLUDED IN PROF. ROGER´S BOOK)
? Inter-American Development Bank; "Economic and Social Progress in Latin America"; yearly reports;
several articles on L.A. economic integration.
WEEK 13. The Case of Asia: from ASEAN 6 thru ASEAN 15.
13.1.- Present status of the business and trade negotiations between L. A. and Asia
13.2.- The China - Argentina Case.The prospects of China and India (plus Russia and Brazil ]> the BRIC
Countries) as economic leaders of the world. (OP)
BASIC BIBLIOGRAPHY
? ROGER, José Gustavo; "The Latin American Role in a context of Economic Globalization", 2009 Updated
Version. Chapter 4.
COMPLEMENTARY BIBLIOGRAPHY (NOTE: ADDITIONAL BIBLIOGRAPHY INCLUDED IN PROF. ROGER´S BOOK)
? Hosono, Akio; "ASEAN, MERCOSUR and the Possibilities of Cooperation East Asia-Latin America"; IDB /
INTAL, IV Meeting - Center Asia-Pacific; Bs. Aires, 09 / 2000. (Also in http:// www.iadb.org/intal/foros)
WEEK 14. Case Study. Conclusions and Recommendations. Pre-Final Exam.
14.1.- Case Study: Trade Facilitation between Latin America and Europe. (OP)
14.2.- END OF TERM EVALUATION (written test)
BASIC BIBLIOGRAPHY
? ROGER, José Gustavo; "The Latin American Role in a context of Economic Globalization", 2009 Updated
Version. Annex to Chapter 6.
COMPLEMENTARY BIBLIOGRAPHY (NOTE: ADDITIONAL BIBLIOGRAPHY INCLUDED IN PROF. ROGER´S BOOK)
? Roger, José Gustavo; "Trade Facilitation Between MERCOSUR and the European Union"; Working Paper
prepared for IMP-CCIRE and University of Belgrano; Reims, France and Buenos Aires, Argentina; 2005
SESSION 15. Delivery of Partial Grades and FINAL EXAMINATION.
15.1.- Delivery of End of Term Exam Grades (and Comments on the Oral Presentations)
15.2.- FINAL EXAM (written or oral). NOTE: Students Attendance is compulsory
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ANALYTICAL PROGRAM
Chapter 1 : Course Introduction. Evolution of the international economic relations: from "The three Worlds
of Economics" to the " Global Economy". The "New Wealth of Nations" and "The Two Capitalisms". The
future of capitalism in the present context of globalization (positive and negative aspects).
Chapter 2 : Internal and external factors that affect the economic relations between Latin America/ /L.A.
(and other LDC´s), with the industrial countries (I.C´s.: USA, EU, ASEAN). The crisis of globalization: Asia,
Russia, Argentina, the 2008 Global Crisis. The 2010 global crisis. The role of international organizations
(IMF, OMC, World Bank, and others). Objectives for Latin American countries in the next decade.
Chapter 3 : Economic integration and globalization. First and second generation economic integration
schemes in L. A.. From ALALC (LAFTA) to MERCOSUR: economic growth and investment opportunities.
The prospects of a South American Union. The effects of the world crises.
Chapter 4 : The economic integration between L. A. and the European Union. A brief picture of the E.U. and
the evolution of its relations with L.A. The case of the Framework Agreement between MERCOSUR and the
E.U.. Present situation and future prospects of L.A. and E.U. The Role of the WTO (Doha Round of
negotiations) in the integration processes.
Chapter 5 : The Pan-American Case: from the "Alliance for Progress" to the "Initiative for the Americas".
Present situation of NAFTA. The proposal and future prospects of a Free Trade Association of the Americas
(FTAA / ALCA). The Mar del Plata and other recent Summits.
Chapter 6 :The Case of Asia: from ASEAN 6 thru ASEAN 15. Present status of the business and trade
negotiations between Asia and Latin America (the China ? Argentina Case). The prospects of China and
India (plus Russia and Brazil ]> the BRIC Countries) as economic leaders of the world.
Chapter 7 : SPECIAL SUBJECTS: (i) Knowledge and Information : the role of Europe, USA and ASEAN, in
narrowing the gap with the less developed countries; (ii) Technology transfer and foreign direct investments,
the role of multinational corporations; (iii) Economy and the Environment; (iv) New concepts in international
business and trade: Case Study on Trade Facilitation between L. A. and the E.U.

BASIC BIBLIOGRAPHY
? ROGER, José Gustavo; " The Latin American International Relations in a context of Economic
Globalization" ; International Management Program, Reims Management School (IMP / RMS); Reims,
France, 2007. An updated Version is available at the University of Belgrano Bookstore, under the Title:
"The Latin American Role in a context of Economic Globalization", 2009. (Not available in Internet).
Complementary Bibliography
? Albert, Michel ; "Capitalisme contre Capitalisme" ; Ed. Seuil ; Paris, Last Edition.
? Brzezinski, Zbigniew; "Out of Control. Global Turmoil on the Eve of the 21st. Century"; Scribner N.Y., 1993.
? Giddens, Anthony; "The Third Way"; Cambridge, England, 1998.
? Gilpin, Robert; "The Political Economy of International Relations"; Princeton Univ. Press; Last edition.
? The World Bank; "World Development Report".Yearly publication; Washington, USA. See Websites also.
? Hosono, Akio; "ASEAN, MERCOSUR and the Possibilities of Cooperation East Asia ? Latin America"; IDB
/ INTAL, IV Meeting of the Center for Asia-Pacific Studies; Buenos Aires, September 2000.
? Porter, Michael; "The Competitive Advantage of Nations"; Free Press; N. Y., 1998
? Roger, José Gustavo; "Argentina, América Latina y la Globalización Económica" ; Ediciones Lumiere;
Buenos Aires, 2004. (Updated UB paperback version: 2009).
? Roger, José Gustavo; "Transferencia de Tecnología. Rol de las Empresas Multi ?Nacionales"; Editorial
Universidad de Belgrano, Buenos Aires, 2009
? Roger, José Gustavo; "Educación para el Desarrollo. Recursos Humanos"; Editorial Universidad de
Belgrano, Buenos Aires, 2009
? Soros, George; "The New Paradigm for Financial Markets: The Credit Crisis of 2008"; Public Affairs; New
York, 2008. (Complementary Text, also by Soros : "The Crisis of Global Capitalism").
? Stiglitz, Joseph ; "Globalization and its Discontents" ; W.W. Norton and Company ; London and New York ,
2003.
? Thurow, Lester; "The Future of Capitalism"; Ed. William Morrow and Co.; N. Y., 1996.
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Websites
? ALADI ? Online : [ www.aladi.org ]
? CEI ? Online : MERCOSUR 2002 and 2003 (in English only) : [ www.cei..gov.ar ]
? Inter American Development Bank ? Online : [ www.iadb.org ]
? MERCOSUR ? Online : [ www.mercosur.com ]
? The World Bank ? Online : [ www.worldbank.org ]
? The IMF ? Online : [ www.imf.org ]
? World Trade Organization ? Online : [ www.wto.org ]
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PROFESSOR´S PROFILE - Mr. José Gustavo (Guy) ROGER
University Education:
- Master of Science (M.S.E.; major: Engineering Planning and Economics; minor: Business Administration);
University of Michigan, U.S.A.
- Civil Engineer ; University of Cordoba , Argentina
- Fellow in Sector Planning and Economics ; The World Bank / E.D.I., Washington, D.C.
- Others: Graduate Degree in Political Science and International Relations; Special Training Programs
Scholastic Honors and Fellowships
- Fulbright Fellowship; M.S. Degree; University of Michigan, U.S.A.
- O. A. S. Fellowship; Stanford University, U.S.A.
- University of Michigan; Graduate Studies Scholarship; U.S.A.
- World Bank Fellowship (E.D.I.); Transportation Planning Program 1970; Washington,U.S.A.
- Research Prize; International Road Federation.
- Honor Prize; School of Civil Engineering; University of Córdoba.
- Prize to the Scientific Production; School of Graduate Studies; University of Belgrano.
University Teaching:
- Full Professor of "World Economic Structure" and "Latin American Economics", School of Graduate
Studies; University of Belgrano, Argentina
- International Visiting Professor (since 2002), at the International Management Programme of the Reims
Management School (Sup de Co), France
- Full Professor of "International Transport" and "Argentine Trade Policies" , School of Economics;
University of Belgrano, Argentina
- Full Professor of "International Trade Logistics" and "International Integration Law", Catholic
University UCSE / PNA, Argentina
- Visiting Professor and Guest Speaker at several foreign institutions: University of the Americas - Puebla,
México; Hebrew University of Jerusalem; Universidad Rafael Landívar - Guatemala: United Nations
Development Programme; Latin American Development Association; others
- SELECTED PUBLICATIONS: See the Syllabus of the Course concerned
Professional Experience:
- Resident Expert for the The World Bank (Latin America and the Caribbean Division) in South American
Countries (Paraguay, Uruguay)
- Senior Consultant in Economic Planning and Project Evaluation ; for international organizations : The
World Bank / United Nations Development Programme (IBRD / UNDP) ; Latin American Development
Association / ALADI ; Inter American Development Bank / INTAL
- Senior Consultant for several American Governments and Institutions: Argentina, Mexico, Brazil, Chile,
Paraguay, Uruguay, Bolivia, Ecuador, Guatemala, Peru, United States of America.
- Project Engineer for the International Consulting Firm of : Tippetts - Abbett - McCarthy & Stratton; New
York City, USA
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