While much of the world is in crisis and protests are erupting throughout Europe and the United States, Latin American and Caribbean nations are building consensus, advancing social justice and increasing positive cooperation in the region. Social, political and economic transformations have been taking place through democratic processes in countries such as Venezuela, Bolivia, Ecuador, Nicaragua, Uruguay, Argentina and Brazil throughout the past decade, leading to a massive reduction in poverty and income disparity in the region, and a substantial increase in social services, quality of life and direct participation in political process.
One of the major initiatives of progressive Latin American governments this century has been the creation of new regional organizations that promote integration, cooperation and solidarity amongst neighboring nations. Cuba and Venezuela began this process in 2004 with the founding of the Bolivarian Alliance for the Peoples of Our America (ALBA), that now includes Bolivia, Ecuador, Nicaragua, Dominica, St. Vincent’s and the Grenadines and Antigua and Barbuda. ALBA was initially launched in response to the US government’s failed attempt to impose its Free Trade Agreement of the Americas (FTAA) throughout the region. Today ALBA is a thriving multilateral organization with member nations that share similar political visions for their countries and for the region, and includes numerous cooperation agreements in economic, social and cultural areas. The fundamental basis of trade amongst ALBA nations is solidarity and mutual benefit. There is no competition, exploitation or attempt to dominate amongst ALBA states. ALBA even counts on its own currency, the SUCRE, which allows for trade between member nations without dependence on the US dollar.
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