and well they should be embracing a united LatAm.
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This document is a summary of information on the ALBA published by the Banco the Comercio Exterior (Bancoex)
The ALBA (Alternativa Bolivariana para las Américas), as its Spanish initials indicate, is a proposed alternative to the U.S.-sponsored Free Trade Area of the Americas (FTAA, ALCA in its Spanish initials), differing from the latter in that it advocates a socially-oriented trade block rather than one strictly based on the logic of deregulated profit maximization. ALBA appeals to the egalitarian principles of justice and equality that are innate in human beings, the well-being of the most dispossessed sectors of society, and a reinvigorated sense of solidarity toward the underdeveloped countries of the western hemisphere, so that with the required assistance, they can enter into trade negotiations on more favorable terms than has been the case under the dictates of developed countries.
By employing more effective mechanisms to eradicate poverty, ALBA—as proposed by the Venezuelan government—provides a counterweight to the policies and goals of the FTAA. This alternative model also identifies the most crucial impediments to achieve a genuine regional integration that transcends the prerogatives of the transnational corporations. One of the obstacles to confront is the deep disparity that exists in development between the countries of the hemisphere, whereby poor countries such as Haiti or Bolivia are compelled to compete with the world’s leading economic power. In order to help overcome trade disadvantages, ALBA pushes for solidarity with the economically weakest countries, with the aim of achieving a free trade area in which all of its members benefit (a win-win alliance).
Venezuela has voiced the need for identifying the economies with the greatest deficiencies and their principle requirements, arguing for a transfer of resources to the most underdeveloped countries so that these may develop the economic infrastructure they require to compete on more favorable terms with more developed economies. In order to do this, the corner stone in the design of the ALBA is the proposal for a “Compensatory Fund for Structural Convergence,” which would manage and distribute financial aid to the most economically vulnerable countries.
The ALBA favors endogenous development and rejects the type of employment that the sweatshop (maquiladora) industry generates because it does not contribute to the upsurge of the agricultural and industrial sectors of the poor countries and does not contribute to the elimination of poverty.
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South American summit dreams of uniting continent’s governments, people
COCHABAMBA, Bolivia
Hopes for a continentwide trading community and a celebration of the region’s populist movements will highlight a two-day summit of South American leaders hosted by Bolivian President Evo Morales in this warm valley city.
Following a string of victories for Latin America’s emerging left, the Community of South American Nations, or CSN, summit begins Friday and will serve as a coming out party for Ecuadorean President-elect Rafael Correa, the newest face on the political block.
Correa will be joined by fellow election winners Venezuelan President Hugo Chavez and Brazilian President Luiz Inacio Lula da Silva, both populists fresh off landslide wins. The left-leaning Chilean President Michelle Bachelet will also attend.
Though elected earlier this year on a center-left platform, Peru’s Alan Garcia will likely find himself alone on the opposite end of the political spectrum after verbally sparring with Chavez. Colombia’s Alvaro Uribe, a conservative president with strong ties to the United States, was expected to stay home to address an unraveling peace deal with right-wing paramilitary groups.
Center-left Argentine President Nestor Kirchner will also miss the event, but has not given a reason.
Outside the fancy hotel ballrooms, Morales has also convened a "complementary" summit of social movements from across the continent, hoping to grant the assembled Indian groups, trade unions, landless peasants, and local coca farmers a greater voice in South America’s future.
"We will hold meetings among both heads of state and leaders of social movements to create a cornerstone of the South American community," Morales said at a Thursday news conference. "Only together with the social movements can we guarantee a true South American community - not only among it states, but among its people as well."
Created in 2004 in the wake of the failed U.S.-backed Free Trade Agreement of the Americas, the summit aims to promote the continent’s own independent approach to trade and international relations.
http://www.bilaterals.org/article.php3?id_article=6664