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This paper analyzes the relationship between the financial instability generated by shortterm capital flows in the absence of control mechanisms and the restrictions facing the implementation of counter-cyclical fiscal policies in the inflation-targeting regime, using as a springboard the recent financial crises in, specifically, Brazil, Chile, Colombia, Mexico, and Peru, showing how an increase in the issuance of public bonds to, via interventions in the exchange rate market, sterilize the effects of short-term capital flows on the monetary base is a source of endogenous instability, because this mechanism entails risks for the exchange rate and interest rate. [ABSTRACT FROM AUTHOR]

This paper is on territorial management in the frontier zone of Peru, Brazil and Bolivia, and its relation to the construction of the transoceanic highway. Its main objective is to discuss the processes of urban growth in the settlements of Iflapari (Madre de Dios, Peru), Assis Brasil (Acre, Brazil), and Bolpebra (Pando, Bolivia), and their connection to the wider process of international South American integration. Another objective is to bring a new comprehension to the planning and management process of the Amazon territory from a decentralized viewpoint, taking care of the environmental conservation and the protection of the Rio Acre basin. The discussion departs from the view that the construction of the road will stimulate an organized urban growth that may dramatically enforce the problems in relation to the social and environmental degradation, to finally propose a new strategy for territorial and urban management through the building of an international city that includes the three urban settlements already mentioned above. Finally, this paper shows that the best development possibilities for the region are in the integral management of the urban services, infrastructure and equipment. It is hoped that the perspective of an international city will ameliorate and even control the appearance of problems typical of frontier urban settlements, such as delinquency, prostitution, drugs traffic and consumption, smuggling, unemployment, lack of cultural identity, etc. [ABSTRACT FROM AUTHOR]

In recent years, the border shared by Peru, Colombia and Brazil has become an enclave of drug production and trafficking for the international markets. It is a territory whose control is disputed by non-state actors and where state security forces suffer from severe material and transport limitations. This paper takes an ethnographic approach to explain the limitations of border security and the institutional challenges of controlling drug and wood trafficking in this context. It places the ideas of reproduction and social change at the centre of the discussion on drugs and borders, as key ways of thinking about the dynamics of growing and processing coca-derived drugs in the global South. [ABSTRACT FROM AUTHOR]