Finance Capitalism, the New Imperialism, and Latin American Export Economies, 1850–1930

AbstractOver the course of the nineteenth century, the question of state responsibility for injuries done by rebels to foreign nationals, or ‘aliens’, in its territory became an important one for international law. Initially, it was common for disputes regarding such responsibility to be resolved through diplomacy, backed up, not infrequently, by the threat and even the use of force. Later it became a matter which also led increasingly to arbitration; beginning around the middle of the nineteenth century a growing number of arbitral tribunals dealt with claims against states for injuries done to aliens by rebels. From the first, established in 1839, there followed a series of 40 mixed claims commissions which touched on state responsibility for rebels. Nearly three-quarters of these arbitrations involved a Western state against one of the new Latin American republics. In this article, I explore how intervention in Latin America, and particularly its turn to arbitration, produced the highly-contested doctrine of state responsibility for rebels. Reading this history in the context of decolonization, capitalist expansion and economic imperialism in Latin America, I argue that the doctrine of state responsibility for rebels was produced out of and used to manage the transition from old colonialism to new imperialism in the region so as to guarantee foreign trade and investment. Understanding this history, I argue, helps us to put back together the pieces of alien protection which fragmented after 1945 and illuminates how international law continues to protect foreign investment against rebels in the decolonized world.

Download Full-text

Introduction

Financial Crisis Management and Democracy ◽

10.1007/978-3-030-54895-7_1 ◽

2020 ◽

pp. 1-7

Author(s):

Stephany Griffith-Jones ◽

Bettina De Souza Guilherme

Keyword(s):

Latin America ◽

Latin American ◽

The European Union ◽

Joint Research ◽

Policy Suggestions ◽

The Common ◽

The Impact ◽

Finance Capitalism ◽

Latin American Countries ◽

Global Financial System

AbstractThis book is the result of the first 3 years of the comparative and multidisciplinary Jean Monnet Network, “Crisis-Equity-Democracy for Europe and Latin America”, of senior academics and policy advisors from four European and three Latin American countries, including experts on the European Union and Latin American regionalism. The rationale of the project and the common link is that both Europe and Latin America can learn from their respective experiences on “crisis”, its management and the distributive and democratic implications at national and regional level. The main purposes of the joint research can be summarised as to (1) locate in the current global financial system as one of the very major causes of the financial and debt crises in the EU and Latin America; (2) demonstrate the impact of the paradigm change on global and EU economic governance; (3) analyse key systemic aspects of the global crisis, i.e. climate change, macro-financial instability and the weakening of democracy and their inter-connections; (4) map and evaluate how both regions and individual countries within both regions have tried to manage these crises; (5) discuss the economic, political and social effects of these crises on both regions and individual countries; (6) finally, to make policy suggestions on how to transition from finance capitalism to a more sustainable real capitalism, on how both regions can better manage/govern/respond to such systemic pressures and on how they can increase their cooperation.

Download Full-text

Portfolio optimisation and the design of Latin American export diversification policies

The Journal of Development Studies ◽

10.1080/00220389008422151 ◽

1990 ◽

Vol 26 (2) ◽

pp. 260-277 ◽

Cited By ~ 7

Author(s):

Walter C. Labys ◽

Montague J. Lord

Keyword(s):

Latin American ◽

Portfolio Optimisation ◽

Export Diversification ◽

American Export

Download Full-text