Venezuela, ALBA, and the Limits of Postneoliberal Regionalism in Latin America and the Caribbean [Paperback]

This book provides a comprehensive analysis of the implementation, functioning, and impact of the Bolivarian Alliance for the Peoples of Our America (ALBA), cornerstone of Venezuelan foreign policy and standard-bearer of postneoliberal regionalism during the Left Turn in Latin America and the Caribbean (1998-2016). It reveals that cooperation via ALBAs regionalised social missions, state multinationals, development bank, Peoples Trade Agreement, SUCRE virtual currency, and Petrocaribe soft-loan scheme has often been hampered by complexity and conflict between the national political economies of Ecuador, Dominica, St Vincent and the Grenadines, Antigua and Barbuda, and especially Venezuela. Shared commitments to endogenous development, autonomy within mutlipolarity, and novel sources of legitimacy are undermined by serious deficiencies in control and accountability, which stem largely from the defining influence of Venezuelas dysfunctional economy and governance. This dual dependency on Venezuela leaves the future of ALBA hanging in the balance.1. Approaching Venezuela, ALBA, and Postneoliberalism.- 2. Getting to Grips with ALBAs Brand Governance.- 3. The National Roots of ALBA.- 4. The Peoples Trade Agreement (TCP).- 5. The Unified Regional Compensation System (SUCRE).- 6. Petrocaribe.- 7. Venezuela, ALBA, and the Limits of Postneoliberal Regionalism.Asa K. Cusack (Latin America and Caribbean Centre, London School of Economics and Political Science, UK) received his PhD in Latin American and Caribbean political economy from the University of Sheffield, UK, and has held research positions at University College London and the Institute of Latin American Studies.This book provides a comprehensive analysis of the implementation, functioning, and impact of the Bolivarian Alliance for the Peoples of Our America (ALBA), cornerstone of Venezuelan foreign policy and standard-bearer of lƒ!