ALBA: Venezuela?s Answer to free trade

Original Publication Date: 
6 December, 2006

SUMMARY

The Bolivarian Alternative for the Americas (ALBA) represents the first attempt at regional integration that is not based primarily on trade liberalization but on a new vision of social welfare and equity. Alternatives are often either theoretical to the point of impracticality, or so micro that scaling up presents huge challenges; ALBA is both large-scale and, to an increasing degree, taking concrete shape. While many aspects of the project are still unrealized or only in the process of realization, and despite some apparent contradictions between theory and practice, ALBA is an important case study.

The fact that ALBA is spearheaded by Presidents Ch