Munich Personal RePEc Archive

MERCOSUR: Southern Integration under Construction

Vaillant, Marcel (2005): MERCOSUR: Southern Integration under Construction. Published in: Internationale Politik Gesellschaft No. 2 (2005): pp. 52-71.

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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.

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