THE BOLIVARIAN ALLIANCE FOR THE AMERICAS: AN ALTERNATIVE DEVELOPMENT STRATEGY

Abstract

This article outlines the regional and international context in which ALBA has emerged and is expanding before explaining the concept of unequal terms of trade which is central to ALBA's conception. It examines the ideas and influences embedded in ALBA which distinguish it from previous regional trade blocs and generate its potential to transform the domestic production, distribution and development priorities of participating states, challenging the coercive power of international financial institutions (IFIs) and multinational corporations. The article also considers the threats and challenges the Alliance faces.