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The Andean Common Market: A New Thrust at Economic Integration in Latin America

Published online by Cambridge University Press:  02 January 2018

Kevin C. Kearns
Kevin C. Kearns*
Affiliation:
Department of Geography, University of Northern Colorado, Greeley, Colorado
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Extract

The decade of the 1960s could well be termed the First Economic Integration Decade in Latin America. During this period the republics of Latin America experienced a “collective awakening,” inspiring an environment in which superficial and exclusivist values gave way to pragmatic and cooperative attitudes. Economic alliances were formed among neighbors, predicated on the rationale that, by joining forces in the spirit of cooperation and applying an ecumenical approach to common problems, each of the participating countries would be better off than pursuing a strictly autarkic course (see Figure 1).

The initial effort at integration was the Central American Common Market (CACM), formed in late 1960 and including all the countries of Central America except Panama.1 That same year, the Latin American Free Trade Association (LAFTA) was created and, measured in terms of territory and population, represented the most significant economic cooperative. A third grouping was the Caribbean Free Trade Association (CARIFTA), established in 1968 as an agreement among eleven British Commonwealth nations and territories.

Type
Research Article
Information
Journal of Interamerican Studies and World Affairs , Volume 14 , Issue 2 , May 1972 , pp. 225 - 250
Copyright
Copyright © University of Miami 1972

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