British Overseas Banking in Latin America and the Encroachment of German Competition, 1887–1914

1991 ◽  
Vol 23 (1) ◽  
pp. 75-99 ◽  
Author(s):  
George F. W. Young

In January 1912 in an article on “British Banking Interests in South America,” theSouth American Journaladvised its readers that while British banks were unquestionably profitable investments they did not have the field entirely to themselves, “for they not only had to face the competition of local, in many cases State-owned banks, but also the competition of several very successful and strong German banking companies, such as the Deutsche Bank, etc.” Nevertheless, British banks had the advantage of considerable experience in the business, an experience at that time dating back nearly fifty years. This statement gives direct expression to the theme of this paper, namely, the continuing prosperity of the British overseas banks in Latin America despite the competition of the more recently established, but nonetheless very successful, German overseas banks. Moreover, aside from the inevitable competition from local Latin American banks, it is to be noted that the only foreign competitors mentioned are the German banks. This was because the several Spanish, French, and Italian banks in the region had much more the structure and character of Latin American institutions based on investment and support from the local immigrant communities of those nations rather than the structure of overseas banks run from Europe.

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nicole Jenne

PurposeRelations between the People's Republic of China and Latin America have gradually expanded from commerce and finance to cover different aspects of security. The purpose of this article is to provide an overview over security cooperation between China and South America. Specifically, it analyses the motivations for security cooperation on both sides and its value added for Sino–South American relations.Design/methodology/approachThe article describes four dimensions of security cooperation between China and South America: functional cooperation, defence diplomacy, long-term cooperation initiatives and arms sales. For each dimension of security cooperation, the main motivations on the two sides are discussed, together with the value added of security cooperation to the “comprehensive and cooperative partnership” China's policy papers on Latin America and the Caribbean have called for.FindingsSecurity and defence considerations have not caused the development of Sino–South American security cooperation. Instead, it were the rapidly growing economic links from the 2000s on that facilitated China's broader political engagement with South America, including in the field of security. There are a number of important motivations that indicate security cooperation between China and South American states will further expand in the future.Practical implicationsSecurity cooperation should not only be practiced as an end in itself but also serve tangible outcomes to reduce insecurity.Originality/valueIn the context of Sino–Latin American relations, security cooperation has received relatively little attention beyond a comparatively small group of pundits despite the fact that military diplomacy has become increasingly important in bolstering China's growing international profile. This article makes an original contribution in discussing four dimensions of security cooperation between China and South America.


2015 ◽  
Vol 13 (1) ◽  
pp. 21
Author(s):  
Noam Chomsky

<p>After several coups assisted by US agencies since the fifties in Latin America, and deep economic crises in the eighties and the nineties in South America explained by “the rule of markets” enforced by multilateral organizations, the US leadership in the Americas has been lost, and democratic countries have turned against neoliberalism with wide popular support inside a new “South American revolution” with important projects of integration. Colombia has become the capital in South America for US leadership in economics and politics, and the only country that still has guerrillas, paramilitary armies, and internal conflict. What has been the role of the US in Colombian conflict? What is in stake with the new peace process in Colombia? How this process will affect the US leadership in Latin America? These are some questions that will be reviewed by Noam Chomsky, one of the most influential thinkers of our times.</p>


2020 ◽  
Vol 19 (1) ◽  
pp. 101-120
Author(s):  
Yousef M. Aljamal ◽  
Philipp O. Amour

There are some 700,000 Latin Americans of Palestinian origin, living in fourteen countries of South America. In particular, Palestinian diaspora communities have a considerable presence in Chile, Honduras, and El Salvador. Many members of these communities belong to the professional middle classes, a situation which enables them to play a prominent role in the political and economic life of their countries. The article explores the evolving attitudes of Latin American Palestinians towards the issue of Palestinian statehood. It shows the growing involvement of these communities in Palestinian affairs and their contribution in recent years towards the wide recognition of Palestinian rights — including the right to self-determination and statehood — in Latin America. But the political views of members of these communities also differ considerably about the form and substance of a Palestinian statehood and on the issue of a two-states versus one-state solution.


2001 ◽  
Vol 33 (3) ◽  
pp. 599-609 ◽  
Author(s):  
GUILLERMO O'DONNELL

The occasion of honouring the memory of John Brooks, a great friend of Latin America, has helped me vanquish my initial reluctance to tackle a topic that is as broad, varied and still open-ended as the present situation of democracy in South America. As a first measure of my limitations, with the exception of some references to Costa Rica and Mexico, I will not discuss Central America and the Caribbean, not because I feel these regions are unimportant but because, simply, I do not know enough about them. However, when I feel that I am on sufficiently solid ground so as to refer to Latin America as a whole, I will do so.I begin by noting that in contemporary South America some countries satisfy the definition of political democracy. Those countries share two main characteristics. One is that they hold elections under universal adult franchise that, at least at the national level, are reasonably fair and competitive. These are standard criteria in the political science literature. However, having in mind the experience of Latin America and elsewhere in the third world, I believe that we should add that such elections must be institutionalised. By this I mean that all relevant actors expect that elections of this kind will continue being held in the indefinite future so, whether they like or not, it is rational for them to play democracy, not coup-making or insurrection. We should also stipulate that these elections are decisive, in the sense that those who are elected do occupy the respective offices and end their terms in the constitutionally prescribed way; they are not, as it has happened too often in Latin America, prevented from occupying office or thrown out of it because some supra-constitutional power feels that they are the ‘wrong people’.The second characteristic is the enjoyment of certain political rights, especially of opinion, expression, association, movement and access to a reasonably free and pluralist media. Of course, these and other rights are important per se; in addition, they are instrumental – necessary conditions – for the effectuation of the kind of elections I have just specified.


2013 ◽  
Vol 46 (2) ◽  
pp. 362-394 ◽  
Author(s):  
H. Glenn Penny

German interactions with Latin America have a long history. Indeed, early modern historians have demonstrated that people from German-speaking central Europe took part in all aspects of the European conquest of Central and South America. They have shown that these people were critical to mining operations and publishing in sixteenth-century Mexico; they have found them among Portuguese and Spanish sailors and soldiers almost everywhere; and they have located them playing important roles in a wide range of professions from Mexico to the south of Chile.


2021 ◽  
pp. 231-245
Author(s):  
Heba El Attar

In 2014, newspapers across the Spanish-speaking world covered how the international press paid tribute to García Márquez. Particular attention was given to the extensive eulogies in the Arab press. A special homage was paid to the author’s memory in Saudi Arabia, where the Third South American-Arab Countries Summit was being held at the time. This was not Naguib Mahfuz; this was García Márquez. How was it possible for a Latin American author to become that popular across the Arab world? How was it possible for his novels to be referenced naturally in popular Arab films such as The Embassy in the Building (2005)? Was all this simply due to the fact that in postindependence Latin America, particularly since the 1940s, there has been a growing de-orientalist discourse? Or did García Márquez craft a particular dialogue with the internal and external Arabs? With all this in mind, and by drawing on Latin American (de)orientalism in the works of Kushigian, Nagy-Zekmi, and Tyutina, among others, this article analyzes the dimensions and implications of García Márquez’s depiction of the internal Arab (immigrant in Latin America) in some of his novels as well as his dialogue with the external Arab (the Arab world) in some of his press articles.


2020 ◽  
Vol 15 (1) ◽  
pp. 34
Author(s):  
Michael J. Ryan

<p>Over the last few decades, there has been a resurgent interest in New World martial art traditions. The bulk of the attention has focused on African and African diasporic traditions. Many well-researched books and articles have resulted from this focus. Yet, there is much less interest regarding other combative modalities brought to the shores of the New World. For centuries immigrant communities have brought with them sophisticated combative systems that persist to this day. As part of a broader hoplological project, this article seeks to identify and document the diverse armed combative systems still extant and practiced in South America and the Caribbean that have not transformed into solely institutionalized sports or recreational pastimes. With few exceptions these arts continue to be taught, practiced, and used in a variety of informal situations to ensure one’s property or public reputation or as part of an economic strategy in the informal economy. At times paralleling and overlapping these more pragmatic goals, these arts also persist as a way of preserving older cultural moralities, ethics, and forms of masculinity.</p>


This study addressed the triangular relations between Latin America, Beijing and Washington in the last 15 years using a process tracing technique on the economic and political models of the region. It specifically focused on the South American development during the post-Washington Consensus era, as well as the expanding influence of China over this region. The aim of this paper was to transmit the idea that the failure of neoliberalism in the 90s together with the expansionism of China have shaped the contemporary political and economic arena among the countries of South America. This work could help to understand the historical process of the construction of develop paradigms on the region and its impact on the society.


2013 ◽  
Vol 21 (48) ◽  
pp. 51-65 ◽  
Author(s):  
Cristina Soreanu Pecequilo ◽  
Corival Alves do Carmo

The aim of the article is to present, based on theoretical studies of integration, the evolution of this process in Latin America and, most recently, in South America. Based on these studies, the goal is to analyze the role played by Brazil in the process, which defines as priorities of its foreign policy a regional and global framework for its international action that is based on both cooperation and power projection.The research has been conducted based on theories of integration, an historical background on Latin American integration and in Brazilian foreign policy, through its contemporary agenda. The answer was based on a comparative agenda and in a bibliographical critical analysis of the research material.The main findings of the paper point out that Latin American integration has specific features linked to the economic, political and stragetic realities of the continent that show the limitations of some theories applied to the European process, also that it depends on Brazilian foreign policy actions, that still sees the region as instrumental to its interests. So, Brazil sometimes fail to fulfill some requisites of integration that are essential to sustain its projects. Therefore, there is a cycle of enlargement and deepening of regional integration process in this political space that point out to the need of a more sustained compromise of Brazilian foreign policy towards these projects. If Brazil continues not to sustain these projects, they will lose momentum and significance once more, increasing power asymmetries in the region.


Author(s):  
Javier A. Vadell ◽  
Clarisa Giaccaglia

The roots of Latin American regionalism blend together with the birth of the region’s states, and despite its vicissitudes, the integrationist ideal represents the most ambitious form of regional feeling. It is an ancient process that has undergone continuous ups and downs as a result of domestic and foreign restrictions. In the early 21st century, the deterioration of the “open regionalism” strategy, along with the rise to power of diverse left governments, led to the development of a “physical-structural,” “post-liberal,” “post-neoliberal,” or “post-hegemonic” integration model. In this context, Brazil—governed by Luiz Inácio Lula da Silva—constituted itself as a crucial protagonist and main articulator of the South American integrationist project. From this perspective, in addition to the existing MERCOSUR, UNASUR was created, and it encompassed the whole subcontinent, thus reaffirming the formulation of regional policies regarding the concept of “South America.” At present, however, a new stage of these regionalisms has started. Today, the Latin American and Caribbean dynamics seem to bifurcate, on the one hand, into a reissue of open regionalism—through the Pacific Alliance—and, on the other hand, into a fragmentation process of South America as a geopolitical bloc and regional actor in the global system. Regarding this last point, it is unavoidable to link the regional integration crisis to the critical political and economic situation undergone by Brazil, considered as the leader of the South American process. In short, the withdrawal of the Brazilian leadership in South America, along with the shifts and disorientations that took place in UNASUR and MERCOSUR, have damaged the credibility of the region’s initiatives, as well as the possibility to identify a concerted voice in South America as a distinguishable whole. That regional reality poses an interesting challenge that implies, to a great extent, making a heuristic effort to avoid being enclosed by the concepts and assumptions of the processes of regionalism and integration that were born to explain the origin, evolution, and development of the European Union. From this perspective, the authors claim that the new phase experienced by Latin American regionalisms cannot be understood as a lack of institutionality—as it is held by those perspectives that support the explanations that they “mirror” the European process—but rather it answers chiefly to a self-redefinition process influenced by significant alterations that occurred both in global and national conjunctures and that therefore, have had an impact on the regional logic. Given the regional historical tradition marked by vicissitudes, the authors believe that they can hardly talk about a “Sudamexit” (SouthAmexit in English) process, namely, an effective abandonment of regionalisms. Recognizing the distinctive features of Latin American and Caribbean countries, rather, leads us to think of dynamics that generate a complex and disorganized netting in which the political-institutional course of development of Brazil will have relevant repercussions in the future Latin American and Caribbean process as a whole.


Sign in / Sign up

Export Citation Format

Share Document