{"id":28211,"date":"2024-07-09T09:06:04","date_gmt":"2024-07-09T13:06:04","guid":{"rendered":"https:\/\/www.bu.edu\/gdp\/?p=28211"},"modified":"2024-07-09T09:07:13","modified_gmt":"2024-07-09T13:07:13","slug":"the-geopolitics-of-latin-americas-regional-development-banks","status":"publish","type":"post","link":"https:\/\/www.bu.edu\/gdp\/2024\/07\/09\/the-geopolitics-of-latin-americas-regional-development-banks\/","title":{"rendered":"The Geopolitics of Latin America&#8217;s Regional Development Banks"},"content":{"rendered":"<figure id=\"attachment28215\" aria-describedby=\"caption-attachment28215\" style=\"width: 717px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" src=\"\/gdp\/files\/2024\/07\/salvador-escalante-GG9BKH7VFGE-unsplash-636x400.jpg\" alt=\"\" width=\"707\" height=\"445\" class=\" wp-image-28215\" srcset=\"https:\/\/www.bu.edu\/gdp\/files\/2024\/07\/salvador-escalante-GG9BKH7VFGE-unsplash-636x400.jpg 636w, https:\/\/www.bu.edu\/gdp\/files\/2024\/07\/salvador-escalante-GG9BKH7VFGE-unsplash-1024x644.jpg 1024w, https:\/\/www.bu.edu\/gdp\/files\/2024\/07\/salvador-escalante-GG9BKH7VFGE-unsplash-768x483.jpg 768w, https:\/\/www.bu.edu\/gdp\/files\/2024\/07\/salvador-escalante-GG9BKH7VFGE-unsplash-1536x967.jpg 1536w, https:\/\/www.bu.edu\/gdp\/files\/2024\/07\/salvador-escalante-GG9BKH7VFGE-unsplash-2048x1289.jpg 2048w\" sizes=\"(max-width: 707px) 100vw, 707px\" \/><figcaption id=\"caption-attachment28215\" class=\"wp-caption-text\">San Pedro Garza Garc\u00eda, N.L., M\u00e9xico. Photo by Salvador Escalante via Unsplash.<\/figcaption><\/figure>\n<p>What factors help or impede international cooperation within regions of the Global South?<\/p>\n<p>A <a href=\"\/gdp\/files\/2024\/07\/GEGI_WP_063_FIN.pdf\"><em><strong>new working paper<\/strong><\/em><\/a> from <a href=\"https:\/\/www.bu.edu\/gdp\/profile\/leslie-armijo\/\" target=\"_blank\" rel=\"noopener noreferrer\">Leslie Elliott Armijo<\/a> and Ver\u00f3nica Rubio Vega Sepehr examines how variations in the geographic scope of a region can result in different types of power (im)balances among members, in turn generating important consequences for both the depth and longevity of cooperation and the content of policy outcomes.<\/p>\n<p>They assess the trajectories and international relations of three major regional development bank projects in Latin America in the past half century: the Inter-American Development Bank (IDB), the Development Bank of Latin America (CAF) and the Bank of the South (Banco del Sur).<\/p>\n<h5>Key findings:<\/h5>\n<ul>\n<li>Successful policy cooperation among neighboring states becomes easier when the region is defined with a scope that avoids certain structural-systemic problems created by power imbalances among member states.<\/li>\n<li>Regional cooperation is easier to initiate and sustain when the regional scope creates an interstate distribution of capabilities that is either clearly hegemonic (wherein one country&#8217;s material capabilities unambiguously overwhelm the sum of the others) or genuinely multipolar (when a rough balance exists among three or more states).<\/li>\n<li>A unipolar-yet-not-hegemonic structure (in which one country dominates material power capabilities but can be checked by a coalition of multiple countries) tends to discourage policy regionalism, as does a bipolar structure.<\/li>\n<\/ul>\n<p>The authors ultimately find that a pro-cooperation distribution of capabilities helps sustain regional multilateralism even when participating states have sharp ideological and policy differences.<\/p>\n<a href=\"\/gdp\/files\/2024\/07\/GEGI_WP_063_FIN.pdf\" class=\"button\">Read the Working Paper<\/a>\n<a href=\"https:\/\/www.bu.edu\/gdp\/2024\/07\/09\/navigating-power-dynamics-within-latin-americas-regional-development-banks\/\" class=\"button\">Read the Blog<\/a>\n","protected":false},"excerpt":{"rendered":"<p>What factors help or impede international cooperation within regions of the Global South? A new working paper from Leslie Elliott Armijo and Ver\u00f3nica Rubio Vega Sepehr examines how variations in the geographic scope of a region can result in different types of power (im)balances among members, in turn generating important consequences for both the depth [&hellip;]<\/p>\n","protected":false},"author":19363,"featured_media":28215,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1149,55,156,77,1152,144],"tags":[4065,4390,4391,2477,4396,2476,3267,4394,4395,2396,2395,401,3436,4392,4388,4387,4393,4389],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/posts\/28211"}],"collection":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/users\/19363"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/comments?post=28211"}],"version-history":[{"count":5,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/posts\/28211\/revisions"}],"predecessor-version":[{"id":28245,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/posts\/28211\/revisions\/28245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/media\/28215"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/media?parent=28211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/categories?post=28211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bu.edu\/gdp\/wp-json\/wp\/v2\/tags?post=28211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}