Abstract

GUERRA BARON, Angélica. A Comparative Study of Foreign Economic Policies: The CIVETS Countries. Pap.polit. [online]. 2014, vol.19, n.1, pp.179-210. ISSN 0122-4409.

Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa guided its foreign economic policies to comply with the Washington Consensus measures and implemented strategies to attract foreign investment to their territories as a possible way out from the external debt crisis of the eighties. Once multilateral trade rules were agreed under the World Trade Organization (WTO), those countries encouraged its domestic trade policies to cope with both the organization principles and international investment standards promoted by the World Bank. After the CIVETS acronym was created in 2009 as a group of promissory emergent economies, transnational economic groups focused its attention on the "new investment miracles", but none interest has been shown by the CIVETS governments to coordinate its foreign economic policies in investment issues. The current Colombian administration self-claimed the leadership of the group, showing the political will to go further, but without followers CIVETS keeps as an acronym. I argue that emergent economies recognized in CIVETS exemplify a case of foreign economic policies convergence facilitated by systemic reasons, such their common necessity to overcome historic processes of economic transition and insert successfully to the world trade; as well as domestic variables such the ideas of the CIVETS decision policy makers.

Keywords : foreign economic policies; CIVETS; convergence; emergent economies.

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