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Latin America is a very important region of the globe, which has
been buffeted by successive waves of economic instability within
the last decades. These waves have caused several episodes of
hyperinflation or near hyperinflation, and several currency and
financial crises, which, in certain moments, have even spilled over
and affected other emerging markets. This has resulted in huge
costs in terms of lost potential growth, and, as is inevitable, the
markets most affected by this have been the least capable of
defending themselves. In a region plagued by still considerable
rates of social exclusion, with some of the highest rates of income
concentration in the whole globe, the human costs of these crises
have been very substantial. Starting in the early 1990s, the slow
implementation of reforms, plus the resumption of more sustained
growth to a substantial degree linked to the increase in commodity
prices, especially since the early 2000s seems to have resulted in
a more stable situation. Initially, in early reformers like Chile,
later in the larger economies of the region, like Brazil and
Mexico, a consensus embraced by both sides of the political
spectrum towards integration in global markets, both in their trade
and financial components, floating exchange rates, independent
monetary authorities, and sustainable fiscal policies has emerged."
An increasing number of landings of illegal migrants on the coast
of Italy and Spain, but also the recent riots, car-burnings, and
street battles that occurred all across France and that have been
attributed to the migrant community, seem to indicate that
migration is likely to stay high on the European policy agenda for
some time. The flow of migrants from poor to rich countries does
not, however, constitute a typically European problem. V. S. public
policy has also been facing a continued (legal and illegal) inflow
of labor from different regions, notably Mexico and other Latin
American countries. And similar developments in other advanced
countries (Australia, Canada) as weil as in selected fast-growing
emerging markets in Eastern Europe and East Asia imply that these
countries too are being compelled to adjust their public policies
in order to relieve migratory pressures and deal with their
consequences. The world economy already saw rising cross-border
labor flows in the 1990s and most forecasts predict that
South-North and South-South migration will re main at relatively
high levels over the next decades and possibly even turn into a
major global challenge for policy makers in the 21st century."
Originally published in 1987. This study evaluates micro- and
macroeconomic determinants for the export performance of European
suppliers to the markets of the Association of Southeast Asian
Nations (ASEAN). By comparing marketing strategies and the
respective economic environment of suppliers from ElH"ope , Japan ,
and the U S - the major exporter
An increasing number of landings of illegal migrants on the coast
of Italy and Spain, but also the recent riots, car-burnings, and
street battles that occurred all across France and that have been
attributed to the migrant community, seem to indicate that
migration is likely to stay high on the European policy agenda for
some time. The flow of migrants from poor to rich countries does
not, however, constitute a typically European problem. V. S. public
policy has also been facing a continued (legal and illegal) inflow
of labor from different regions, notably Mexico and other Latin
American countries. And similar developments in other advanced
countries (Australia, Canada) as weil as in selected fast-growing
emerging markets in Eastern Europe and East Asia imply that these
countries too are being compelled to adjust their public policies
in order to relieve migratory pressures and deal with their
consequences. The world economy already saw rising cross-border
labor flows in the 1990s and most forecasts predict that
South-North and South-South migration will re main at relatively
high levels over the next decades and possibly even turn into a
major global challenge for policy makers in the 21st century."
Latin America is a very important region of the globe, which has
been buffeted by successive waves of economic instability within
the last decades. These waves have caused several episodes of
hyperinflation or near hyperinflation, and several currency and
financial crises, which, in certain moments, have even spilled over
and affected other emerging markets. This has resulted in huge
costs in terms of lost potential growth, and, as is inevitable, the
markets most affected by this have been the least capable of
defending themselves. In a region plagued by still considerable
rates of social exclusion, with some of the highest rates of income
concentration in the whole globe, the human costs of these crises
have been very substantial. Starting in the early 1990s, the slow
implementation of reforms, plus the resumption of more sustained
growth-to a substantial degree linked to the increase in commodity
prices, especially since the early 2000s-seems to have resulted in
a more stable situation. Initially, in early reformers like Chile,
later in the larger economies of the region, like Brazil and
Mexico, a consensus- embraced by both sides of the political
spectrum-towards integration in global markets, both in their trade
and financial components, floating exchange rates, independent
monetary authorities, and sustainable fiscal policies has emerged.
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