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Protecionism of Latin American Countries in the Time of an Economic Crisis
Kurečková, Anna ; Hnát, Pavel (advisor) ; De Castro, Tereza (referee)
The aim of this thesis is to analyze the change in response of Latin American governments to the economic crisis and thus the change in the character of protectionist measures applied. How do the means of the protection of domestic market change? How does the financial globalization reflect in the Latin American protectionism? What are the further perspectives of the development of Latin American countries? The thesis is divided into three chapters. The first chapter examines the forms of protectionism in the reaction to economic crisis of the 20th century. Firstly, it presents Latin America as a traditionally protectionist region in the period of the import substitution industrialization, secondly it focuses on governments' reactions to the cyclic crises of the 80s and 90s that were caused by the liberalization of the capital accounts and high sensitivity of Latin American economies to the sudden stop on financial markets. The second chapter is devoted to the current global economic crisis. It analyses the means of trade and financial protectionism. Simultaneously, it compares the protectionist measures used to the ones employed in previous periods. The final part of the thesis explores further perspectives of Latin American regionalism and improved macroeconomic stability of Latin American economies.
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