Chapter

Globalization and Transnational Dynamics in Contemporary Central America

Luis Roniger

in Transnational Politics in Central America

Published by University Press of Florida

Published in print June 2011 | ISBN: 9780813036632
Published online September 2011 | e-ISBN: 9780813038834 | DOI: http://dx.doi.org/10.5744/florida/9780813036632.003.0014
Globalization and Transnational Dynamics in Contemporary Central America

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This chapter traces the impact of globalization and transnational trends in the form of capital transfers and investment, intraregional trade, the growing relevance of remittances, and tourism. While indicating some improvements in macro-economic performance, analysis also points out the mixed sociological implications in terms of lopsided human development, persisting poverty and socioeconomic gaps, social exclusion, and violence. The democratization of Central American states went hand in hand with increasing global linkages and new transnational trends. Production processes created a web of interdependence between sites of production and assembly and circuits of commercialization. Many products consumed in the United States and the European nations are manufactured in Third World countries with foreign investment growing in correlation to the existence of cheap labor, which also often goes hand in hand with a lack of social security for workers. All this reflects the growing role of globalization.

Keywords: globalization; transnational trends; investment; intraregional trade; remittances; tourism

Chapter.  4985 words.  Illustrated.

Subjects: Society and Culture

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