Governance after financial crisis: South American perspectives on the reformulation of regionalism

This article focuses on the ways in which financial crisis has altered conceptions and forms of regionalism in the global political economy, and thus compels a change in our theoretical understandings not only of regionalist dynamics but also of 'governance' in the broader sense. To this end, my aim is to look through a South American lens at the central issues involved in the reformulation of regionalism. I propose to do this by setting out a series of three interconnected responses to the question of where regionalism fits into a 'post-globalisation', 'post-Washington Consensus' reconsideration of key structures, development models and policy issues. These are considered in turn in successive sections of the article.