Page:  of 483
 

1
Latin American economic development:
an overview

The expression “Latin America, ” whose origin is still hotly disputed, 1 at
first had little more than geographical significance–it referred to all those
independent countries south of the Río Grande in which a language de-
rived from Latin (e.g., Spanish, Portuguese, and French) was predominantly
spoken. In this original meaning, the only characteristics common to the
countries of Latin America were their location in the Western Hemisphere
and the origins of their language. In many respects the differences between
the countries were considered to be as important–if not more so–as what
they shared.

These differences–whether of size, population, ethnicity, natural re-
sources, climate, or level of development–are still very important, but it
has also become clear that the republics are held together by much more
than geography and language. The shared colonial experience, as divisions
above all of the Spanish or Portuguese empires, was crucial in shaping the
economic and political destinies of the new republics after independence.
The pattern of development in the nineteenth century, based on the export
of natural resources to the industrialized countries, reinforced this sense of
a shared past.

Thus there is real meaning to the phrase “Latin America, ” and the factors
in common are stronger than those that bind the countries of Africa, Asia,
or Europe. Furthermore, the membership of the Latin American club has
been fairly stable since independence, with relatively few additions or sub-
tractions as a result of border changes, secession, or annexation (see Map 2 and map 3 );
indeed, the boundaries of Latin American states, although often
the source of interstate conflict and still not entirely settled, 2 have changed
much less in the past 150 years than have frontiers elsewhere.

____________________
1 According to some, it was the Colombian José María Torres Caicedo who first coined the term “Latin
America” in 1856 (see Bushnell and Macaulay, 1988>, p. 3). Others attribute it either to the French
academic L. M. Tisserand or to the Chilean Francisco Bilbao at approximately the same time.
2 The main border disputes (including maritime boundaries) still outstanding are the following:
Guatemala and Belize; Colombia and Venezuela; Venezuela and Guyana; Honduras and Nicaragua. The long-standing territorial dispute between Argentina and the United Kingdom over the Falkland/
Malvinas islands also remains unresolved.

-1-

Questia, a part of Gale, Cengage Learning. www.questia.com

Publication Information: Book Title: The Economic History of Latin America since Independence. Contributors: Victor Bulmer-Thomas - author. Publisher: Cambridge University Press. Place of Publication: Cambridge, England. Publication Year: 2003. Page Number: 1.
    
This feature allows you to create and manage separate folders for your different research projects. To view markups for a different project, make that project your current project.
This feature allows you to save a link to the publication you are reading or view all the publications you have put on your bookshelf.
This feature allows you to save a link to the page you are reading, which you can later return to from Projects.
This feature allows you to highlight words or phrases on the publication page you are reading.
This feature allows you to save a note you write on the publication page you are reading.
This feature allows you to create a citation to the page you are reading that you can paste into your paper. Highlight a passage to include that passage as a quotation.
This feature allows you to save a reference to a publication you are reading for your bibliography or generate a bibliography you can paste into your paper.
This feature allows you to print the page you are reading, including your notes or highlights (IE users must have "print background colors and image" setting selected.)
This feature allows you to look up words in encyclopedia.
  About Questia Tools
Close Window  
Questia's powerful research tools allow you to highlight, take notes, bookmark and even create instant citations and bibliographies. To use these features and save hours of work, you must create a Questia account.
Need a Questia account?
Sign up for a FREE trial now. Save time, stress and hassle, and get better grades with trusted, online research.

» Click here for our free trial

Already have a Questia account? Login now!
Error
Working...
Printing Preferences
Format for black and white printer: On Off
Print highlights: On Off
Print notes: On Off
Choose one of the options for printing:
Print this page (No Charge)
Print pages to