Hostname: page-component-7c8c6479df-7qhmt Total loading time: 0 Render date: 2024-03-28T22:03:27.036Z Has data issue: false hasContentIssue false

A North-South Dilemma: The Need and Limits of Conditionalities in the Americas

Published online by Cambridge University Press:  02 January 2018

Markos Mamalakis*
Affiliation:
University of Wisconsin-Milwaukee

Extract

Commerce and manufactures can seldom flourish long in any state which does not enjoy a regular administration of justice, in which the people do not feel themselves secure in the possession of their property, in which the faith of contracts is not supported by law, and in which the authority of the state is not supposed to be regularly employed in enforcing the payment of debts from all those who are able to pay. Commerce and manufactures, in short, can seldom flourish in any state in which there is not a certain degree of confidence in the justice of government.

Adam Smith, The Wealth Of NationsBook y Chapter III, p. 862

Economic relations between the United States and Central and South America are pervasive, complicated and ever changing. The nature of these relations, i.e., conflict, cooperation or neutrality in settling issues, depends on the degree and the form in which their respective markets for inputs (labor, land, capital and technology), outputs (goods and services), financial assets and unilateral transfers interact. These relations evolve around and arise from the movement of people, goods, services and financial assets between the North and the South, and within the South.

Type
Research Article
Copyright
Copyright © University of Miami 1985

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Comisión Económica para América Latina y el Caribe (CEPAL) (1984) “El Mercade del Trabajo en la Actual Coyuntura-Análisis del PREALC (Programa Regional de Empleo para América Latina y el Caribe).” Notas sobre la Economía y el Desarrollo, No. 403- Santiago, Chile: CEPAL (United Nations).Google Scholar
Iglesias, E. V (1984) “A Preliminary Overview of the Latin American Economy during 1983CEPAL Review 22 (April): 738.Google Scholar
Inter-American Development Bank (IDB) (1984) Economic and Social Progress in Latin America - Economic Integration. Washington, DC: IDB.Google Scholar
Jorge, A, Salazar Carillo, J. and Sánchez, E. (eds.) (1984) Trade, Debt and Growth in Latin America. New York, NY: Pergamon Press.Google Scholar
Jorge, A, Salazar Carillo, J. and Higonnet, R. (eds.) (1983) Foreign Debt and Latin American Economic Development. New York, NY: Pergamon Press.Google Scholar
Mamalakis, M. J. (1983a) “Overall Employment and Income Strategies,” in Urquidi, V and Trejo Reyes, S. (eds.) Human Resources, Employment and Development, Volume 4, Latin America (Proceedings of the Sixth World Congress of the International Economic Association, Mexico City, 1980). London, England: Macmillan Press Ltd. Google Scholar
Mamalakis, M. J. (1983b) Historical Statistics of Chile: Money, Income and Prices, Volume 4. Westport, CT: Greenwood Press.Google Scholar
Mamalakis, M. J. (1976) The Growth and Structure of the Chilean Economy: From Independence to Allende. New Haven, CT: Yale University Press.Google Scholar
Williamson, J. (ed.) (1983) The IMF Conditionality. Papers presented at Conference of Institute for International Economics, Airlie House, VA, 2226 March 1982. Cambridge, MA: MIT Press.Google Scholar
World Bank (1984a) World Development Report 1984. New York, NY: Oxford University Press.Google Scholar
World Bank (1984b) Brazil, Financial Systems Review. Washington, DC: World Bank.Google Scholar