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The New Regionalism in the Americas: The Case of Mercosur

Author

Listed:
  • Esteradeordal, Antoni

    (Inter-American Development Bank)

  • Goto, Junichi

    (Kobe University)

Abstract

This paper takes seriously the recent claim made by Ethier (1998) that the New Regionalism reflects the success of the multilateral trading system, not its failure. In fact, the New Regionalism represents a qualitative departure of the old regionalism in several respects, in particular, its development has taken place in a very different international economic environment. Moreover, the traditional Vinerian paradigm is no longer the primary analytical framework for its evalua-tion. We use this novel approach to analyze the case of one of the most important experiences in regional integration, the formation of the Mercado Común del Sur (MERCOSUR). The paper carefully documents the main stylized facts of the development of MERCOSUR arguing that this makes this type of agreement a prime example of the New Regionalism. Our conclusions are consistent with Ethier’s paper, that is, regionalism can play a key role in expanding and preserving the liberal trade order.

Suggested Citation

  • Esteradeordal, Antoni & Goto, Junichi, 2001. "The New Regionalism in the Americas: The Case of Mercosur," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 16, pages 180-202.
    • Handle: RePEc:ris:integr:0160
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    Citations

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    Cited by:

    1. Mkrtchyan Arevik, 2013. "Trade impact of non-tariff trade costs. An Assessment of the Customs Union of Russia, Belarus and Kazakhstan," EERC Working Paper Series 13/14e, EERC Research Network, Russia and CIS.
    2. Luis A. Arias & Alberto Barreix & Alexis Valencia & Luiz Villela, 2005. "The harmonization of indirect taxes in the Andean Community," INTAL Working Papers 2820, Inter-American Development Bank, INTAL.
    3. Vito Tanzi, 2005. "Building regional infrastructure in Latin America," INTAL Working Papers 2642, Inter-American Development Bank, INTAL.
    4. HERRERO-OLARTE, Susana, 2024. "Productivity And Regional Trade, The Relationship In South America," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 24(1), pages 37-56.
    5. Robert Devlin & Ziga Vodusek, 2005. "Trade related capacity building : an overview in the context of Latin American trade policy and the MERCOSUR-EU association agreement," INTAL Working Papers 1262, Inter-American Development Bank, INTAL.
    6. Elsnit, 2005. "Second Annual Conference of the Euro-Latin Study Network on Integration and Trade, ELSNIT : Issues papers," INTAL Working Papers 2414, Inter-American Development Bank, INTAL.
    7. Eric T. Miller, 2005. "Achievements and challenges of trade capacity building : a practitioner's analysis of the CAFTA process and its lessons for the multilateral system," INTAL Working Papers 1268, Inter-American Development Bank, INTAL.
    8. Anneke Jessen & Christopher Vignoles, 2005. "Jamaica: trade, integration and the quest for growth," INTAL Working Papers 1264, Inter-American Development Bank, INTAL.
    9. Marcelo de Paiva Abreu, 2005. "The FTAA and the political economy of protection in Brazil and the US," Textos para discussão 494, Department of Economics PUC-Rio (Brazil).
    10. Arevik Mkrtchyan, 2015. "Determining the Common External Tariff in a Customs Union: Evidence from the Eurasian Customs Union," BEROC Working Paper Series 27, Belarusian Economic Research and Outreach Center (BEROC).
    11. Frederik Stender, 2018. "MERCOSUR in gravity: an accounting approach to analyzing its trade effects," International Economics and Economic Policy, Springer, vol. 15(2), pages 501-522, April.
    12. Vito Tanzi, 2005. "The production and financing of regional public goods," INTAL Working Papers 2824, Inter-American Development Bank, INTAL.

    More about this item

    Keywords

    Regionalism; Customs; Free Trade Area; Mercosur;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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