XXI Century: The Formation of the New Geo-economics in Latin America

Abstract

This paper analyses the formation of New Latin American Geo-economy, starting from establishment of Open Regionalism that was based on neo-liberal reforms applied by the governments of these countries. However, this project entered into profound crisis because of the effects of the contemporary global eco-nomic crisis demonstrating the high level of economic and political vulnerability of the region. In fact, the crisis of neo-liberal development model caused the process of geo-economic and political changes in Latin America pointing to the formation of new progressive process of ideological disagreements concerning the issues of socio-economic development of the region. On the basis of this premises the author suggests considering this problem in the light of the formation of New Latin American Geo-economy at the beginning of the 21st century as a direct consequence of the crisis of neo-liberal model on one side, and Latin American Open Regionalism on the other.