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A regional arrangement proposal for the UNASUR

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  • Fernando Ferrari Filho

Abstract

The article analyses the current process of economic integration in South America. Thus, concentrating our attention on the UNASUR regional integration process, two questions arise: First, is UNASUR the most viable institution to achieve a consistent economic integration process in South America? Second, what model of economic integration should be adopted in the case of UNASUR, which would ensure macroeconomic stability and avoid financial and exchange rate crises in the South America? To answer these questions, the article proposes, based on the Keynes (1944/1980)’s revolutionary analysis presented in his International Clearing Union, during the Bretton Woods Conference in 1944, a regional arrangement to UNASUR. JEL Classification: F5; F55.

Suggested Citation

  • Fernando Ferrari Filho, 2014. "A regional arrangement proposal for the UNASUR," Brazilian Journal of Political Economy, Center of Political Economy, vol. 34(3), pages 413-432.
  • Handle: RePEc:ekm:repojs:v:34:y:2014:i:3:p:413-432:id:280
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/280/270
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    More about this item

    Keywords

    economic integration; South America; Keynesian theory;
    All these keywords.

    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements

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