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Perpetua: The Journal of Undergraduate Research at UAH

College

College of Business

Department

Economics

Abstract

The Latin American and Caribbean regionalism movement has produced an abundance of multilateral organizations. For some observers, the multiplicity of regional integration initiatives and the divergence of their ideologies complicates prospects for unification. For others, the diversity of organizations offers a "vote with your feet" alternative, which decreases the prospects for zero-sum interactions between nation-states. This paper covers the history of the Latin American and Caribbean regionalism movement up to its present state in 2020. Economic and political history are used to illuminate how the historical endowments, international relations, and ideologies of the region's nations shape the growing diversity of regional integration approaches and the challenges this poses to the United Nations Commission for Latin America and the Caribbean's (ECLAC) vision for complete regional unification. This paper adds a concise introduction to the study of Latin American and Caribbean regionalism and unique insights into the significance of Latin American and Caribbean regional integration in the context of modern globalization. The terms Contextual Realism and Grand-National Socialism are introduced as a means to better conceptualize the subject matter of this paper.

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