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MERCOSUR: Southern Integration under Construction

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  • Vaillant, Marcel

Abstract

This paper does not set out to explore the broader motives behind this new wave of regionalism. Rather, it seeks to draw on the ideas reflected in the abundant literature on the topic to describe the genesis and evolution of a specific trade bloc: the Mercado Común del Sur (mercosur).1 This bloc stands out as an ambitious agreement by four countries of the South (Argentina, Brazil, Paraguay and Uruguay) to achieve economic integration. Drawing on this case, the article will offer some general reflections on integration paths for economies of the South and propose a number of general arguments to explain the perceived incentives which encourage nations to opt for integration.

Suggested Citation

  • Vaillant, Marcel, 2005. "MERCOSUR: Southern Integration under Construction," MPRA Paper 47251, University Library of Munich, Germany, revised Feb 2005.
    • Handle: RePEc:pra:mprapa:47251
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    File URL: https://mpra.ub.uni-muenchen.de/47251/1/MPRA_paper_47251.pdf
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    References listed on IDEAS

    as
    1. Daniel Chudnosvsky (coordinador) & Andrés López & Mariano Laplane & Gustavo Bittencourt & Fernando Masi & Rosario Domingo & Fernando Sarti & Célio Hirakuta & Rodrigo Sabbatini & Red MERCOSUR, 2001. "El boom de inversión extranjera directa en el MERCOSUR," Serie Red MERCOSUR, Red Mercosur, edition 1, volume 1, number 1 edited by Red MERCOSUR, Spring.
    2. Jeffrey A. Frankel, 1997. "Regional Trading Blocs in the World Economic System," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 72, October.
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    Cited by:

    1. Sebastian Krapohl & Katharina L. Meissner & Johannes Muntschick, 2014. "Regional Powers as Leaders or Rambos? The Ambivalent Behaviour of Brazil and South Africa in Regional Economic Integration," Journal of Common Market Studies, Wiley Blackwell, vol. 52(4), pages 879-895, July.
    2. Boyer, Ivan & Schuschny, Andrés Ricardo, 2010. "Quantitative assessment of a free trade agreement between MERCOSUR and the European Union," Estudios Estadísticos 4774, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. 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.

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    More about this item

    Keywords

    Regional Integration; MERCOSUR;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration

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