The Andean countries in the perspective of globalization

The asymmetric and heterogeneous phenomenon of the globalization offers opportunities to some societies, but also impacts adversely others. This paper evaluates for the Andean countries on an empirical basis the outcome of their insertion in the global economy during the last two decades. To this end, four topical axes are examined: growth; international trade; financial flows and foreign direct investment; and social equity. It concludes with a -non-exhaustive- list of development policies that should be adopted (or furthered) by the Andean countries in order to improve the quality of their international insertion.