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

Published online by Cambridge University Press:  02 January 2018

Markos Mamalakis
Markos Mamalakis*
Affiliation:
University of Wisconsin-Milwaukee
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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
Information
Journal of Interamerican Studies and World Affairs , Volume 27 , Issue 1 , February 1985 , pp. 103 - 121
Copyright
Copyright © University of Miami 1985

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References

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