Question

What are some of the repercussions of globalization in Latin America? In your one paragraph answer, first define Latin America. Then apply Sutz's argument

Answer 1

To the extent that it generates more open economies and is based on rapid technological advances that optimize the entry of Latin American countries into the world economy, the globalization process is mainly regarded useful. But these benefits, although evident on the surface, are difficult to identify in their social repercussions and have tended to reflect or reproduce, rather than correct, the inequalities that exist in the region.

By gaining room on the global market, it is anticipated that export-focused countries in Latin America and other developing regions will focus on products that require extensive use of an unqualified workforce that will drive demand and decrease the gap between unqualified and extremely qualified employees. However, the current distinctions between nations in terms of salaries and labor laws can also fuel the spread of unfair practices towards employees

The labor force is being displaced from the manufacturing of products to the manufacturing of services in this fresh globalization situation. In the 1990s, the percentage of jobs in the manufacturing sector shrank in Bolivia, Costa Rica, Ecuador, Peru and Uruguay by 4-6 percent. This workforce development also includes job "informalization," as 70% of fresh jobs are discovered in the informal industry, where there are no contractual links between employee and employer. The low-income population suffers greater negative impacts and the middle class also sees its welfare jeopardised, not only by the retreat of the public sector but also by the narrowing of social programmes to focus exclusively on the poor.

According to Arocena & Sutz, a quite initial college arose from these concepts, far from government and business, but close to other areas of society. Latin American colleges, in their perspective, played an important part in two procedures:' I the transition from oligarchic regimes to mass democracies; the ideological elaboration linked to the import substitution period's inward-oriented growth policies, which began after the 1930s crisis.