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Andean Group
Andean Group (Grupo Andino, or officially, Acuerdo de Cartagena) An agreement signed at Cartagena in 1969 between Bolivia, Colombia, Ecuador, Peru, Venezuela, and Chile (which left in 1977, rejoined in 1990). Its aim was to enhance the economic competitiveness of its members relative to the more developed economies of Latin America. In 1984 a new Andean peso was established to reduce dependency on the US dollar. The removal of tariff barriers during the 1990s was largely unsuccessful. The union has been largely ineffective owing to the political and economic instability of its members. In 1992, Peru withdrew (it received associate status in 1997), in 1995 Peru and Equador were involved in a border war, and under Chávez Venezuela became involved in tense border disputes with Colombia.
Latin American Integration Association |
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Cite this article
JAN PALMOWSKI. "Andean Group." A Dictionary of Contemporary World History. 2004. Encyclopedia.com. 30 May. 2012 <http://www.encyclopedia.com>. JAN PALMOWSKI. "Andean Group." A Dictionary of Contemporary World History. 2004. Encyclopedia.com. (May 30, 2012). http://www.encyclopedia.com/doc/1O46-AndeanGroup.html JAN PALMOWSKI. "Andean Group." A Dictionary of Contemporary World History. 2004. Retrieved May 30, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O46-AndeanGroup.html |
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Andean Group
Andean Group A regional economic grouping comprising Colombia, Peru (suspended from 1992 to 1993), Bolivia, Chile (from 1969 to 1977), Venezuela, and Ecuador. Formally established by the Cartagena Agreement of 1969 – hence its official name, Acuerdo de Cartagena – it was an attempt to enhance the competitive edge of the member states in their economic relations with the more developed economies of the Latin American region.
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Cite this article
"Andean Group." A Dictionary of World History. 2000. Encyclopedia.com. 30 May. 2012 <http://www.encyclopedia.com>. "Andean Group." A Dictionary of World History. 2000. Encyclopedia.com. (May 30, 2012). http://www.encyclopedia.com/doc/1O48-AndeanGroup.html "Andean Group." A Dictionary of World History. 2000. Retrieved May 30, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O48-AndeanGroup.html |
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