ALBA and the Promise of Cooperative Development
Martin Hartlandsberg2010, Monthly Review
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Abstract
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This paper discusses the Bolivarian Alliance for the Americas (ALBA), highlighting its role in fostering cooperative economic development among member countries in Latin America and the Caribbean. It explores the historical context of ALBA's formation in light of past cooperative efforts like the European Payments Union, assessing the challenges and opportunities presented by new trade agreements and the potential for a regional currency. The paper aims to frame ALBA as a necessary response to the limitations of existing international economic structures and emphasizes the importance of collective strategies for Third World development.
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