ABSTRACT
This chapter discusses the concepts of financialisation and neomercantilism as a part of a unique process within the dominant international order. It analyses the financial and external market structures of Latin American countries, based on a sample of six economies. The analysis is based on the available data for the Latin America and Caribbean region, highlighting the performance of six economies: Argentina, Brazil, Colombia, Chile, Mexico and Peru. The United States imposed a new international division of labour in which its main function was to provide international liquidity, operating on the basis of wide and deep financial markets, while the rest of the world were to become producer. Demand and supply decouple and a new division of labour is imposed, in which the imperialistic country acquires the role of triggering effective demand, while other developed and developing economies become the global producers. The chapter examines income concentration within and between countries based on surplus extraction in financial-led economies.
