Economic Integration in Latin America

Universidad de Belgrano

Course Description

  • Course Name

    Economic Integration in Latin America

  • Host University

    Universidad de Belgrano

  • Location

    Buenos Aires, Argentina

  • Area of Study

    Economics, Latin American Studies

  • Language Level

    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.

    Hours & Credits

  • Contact Hours

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    (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.

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    America: Perspectives for Mercosul?, Journal of Post-Keynesian Economics, Vol.

    32, No. 2, pp. 235-247.

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    Transforming Work, Leisure, Community and Everyday Life. Basic Books, Nueva


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    Internacional, No. 106, 41 pages.

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    Consensus: Trade liberalization and migration flows inLatin America?, The

    International Trade Journal, Vol.24, No.4, pp. 440-476.

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    _ Nonaka,I., von Krogh, G. & Ichijo, K. (2000), Enabling Knowledge Creation.

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    International Journal of Political Economy, Vol.41, No.1, pp- 66-94.

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    _ Saxenian, A. (2006), The New Argonauts: Regional Advantage in a Global

    Economy.HarvardUniversity Press, Nueva York.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.