Part 1 Old debates and new on globalization and international trade: delinking - Samir Amin's proposal; globalization - Ohmae's proposal; a synthesis of the classical debate between liberals and mercantilists; mercantilism in Latin America; the state vs market debate. Part 2 Systemic crisis and technological change - a view from Latin America: the productivity crisis in advanced capitalist countries; the recession in OCDE countries; the characteristics of technological change and its impact on Latin America; the systemic crisis, technological change and its impact on Latin America - a hypothesis and a proposal. Part 3 Trends in industrialization and foreign trade: the industrialization crisis; Asian industrialisation versus Latin-American industrialization; a note on the process of import substitution; the conditions for industrialization; some conclusions. Part 4 Globalization, competitiveness and new trade patterns: forms of competitiveness - a new way of saying productivity; globalization; new patters of world trade; specialization among recently industrialized Latin-American countries compared to Asian ones. Part 5 The export-led growth model - the theory, the debate, the evidence: the theory; the debate; Latin America - the long-term evidence; the evidence from 1990 onward; the evidence country by country. Part 6 Central America in the global economy: the development path of Central American countries; elements of the Central American crisis - the Central American Common Market; systemic factors in the Central American crisis - raw materials and foreign debt. Part 7 The crisis of the millennium and its expansion: the Asian crisis; interpretations of the crisis; the systemic crisis and the crisis in productivity - a different reading of the Asian crisis; the systemic crisis viewed from Latin America; the development of the Asian crisis viewed from Latin America. Part 8 Some philosophical problems posed by the systemic crisis: information, space and geography; the French discussion on internationalization; power and the urge not to know; power, truth and crisis. Part 9 Epilogue - five hypotheses on the wrong path taken: on liberalization and deregulation in Latin America; problems and results from the absence of choice; on the crisis of the dollar, end of the old international order and the creation of a new one in which developing countries have no defined role; on ideological exhaustion, social disorganization and the crisis of the millennium; on the systemic crisis that hit bottom in 1997 and its effects; on definitive solutions and what will have to be considered in the South is to have a new, more sustainable order.