Revista Latinoamericana de Desarrollo económico No. 2

The decisions of one economic agent affect those of others The behavior of one economy influences the performance of other countries The economy globalizes and the economic problems that seemed to be particular for certain geographical or cultural environments, today look very similar in different contexts in that sense, economic theory should be built based on those phenomena that are not particular cases but rather general regularities in other words, models to explain economic behaviors should be based on assumptions of rational behavior of economic agents maximizing their wellbeing in a stochastic and dynamic environment