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Latin American integration in the first decade of the millennium

Author

Listed:
  • José Tavares de Araújo Jr.

    (Consultor da Unidade de Comércio da Organização dos Estados Americanos – OEA, Washington/DC, U.S.A.)

Abstract

This paper analyzes the outlook for Latin American economic integration at three interrelated levels: multilateral, hemispheric and sub-regional. At the multilateral level, it argues that the WTO is not prepared to regulate the competition patterns engendered by the information revolution, and this implies an interim role for regional institutions. At the hemispheric level, it shows that the FTAA will not provoke immediate threats to sub-regional agreements such as Mercosur, Andean Community and CARICOM. Consequently, the main challenge to be faced by Latin American governments in the near future is to manage the interplay between domestic policies and their sub-regional agreements. JEL Classification: F15; O10.

Suggested Citation

  • José Tavares de Araújo Jr., 2001. "Latin American integration in the first decade of the millennium," Brazilian Journal of Political Economy, Center of Political Economy, vol. 21(4), pages 638-653, October.
    • Handle: RePEc:ekm:repojs:v:21:y:2001:i:4:id:95853
    DOI: 10.1590/0101-31572001-1277
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    Keywords

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    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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