Published Jun 1, 2014



PLUMX
Google Scholar
 
Search GoogleScholar


Angélica Guerra Barón

##plugins.themes.bootstrap3.article.details##

Abstract
Colombia, Indonesia, Vietnam, Egypt, Turkey,and South Africa guided its foreign economicpolicies to comply with the Washington Consensusmeasures and implemented strategies toattract foreign investment to their territories as apossible way out from the external debt crisis ofthe eighties. Once multilateral trade rules wereagreed under the World Trade Organization(WTO), those countries encouraged its domestictrade policies to cope with both the organizationprinciples and international investment standardspromoted by the World Bank. After theCIVETS acronym was created in 2009 as a groupof promissory emergent economies, transnationaleconomic groups focused its attention on the“new investment miracles”, but none interest has been shown by the CIVETS governmentsto coordinate its foreign economic policies ininvestment issues. The current Colombian administrationself-claimed the leadership of thegroup, showing the political will to go further,but without followers CIVETS keeps as an acronym.I argue that emergent economies recognizedin CIVETS exemplify a case of foreign economicpolicies convergence facilitated by systemicreasons, such their common necessity to overcomehistoric processes of economic transitionand insert successfully to the world trade; aswell as domestic variables such the ideas of theCIVETS decision policy makers.
Keywords

foreign economic policies, CIVETS, convergence, emergent economiespolítica exterior económica, CIVETS, convergencia, economías emergentes

References
How to Cite
Guerra Barón, A. (2014). A Comparative Study of Foreign Economic Policies: The CIVETS Countries. Papel Político, 19(1), 179–210. Retrieved from https://revistas.javeriana.edu.co/index.php/papelpol/article/view/10863
Section
International Relations