Convergences and Divergences in South American Integration

Authors

  • Marcel Vaillant Universidad de la República, Facultad de Ciencias Sociales, Departamento de Economía (Montevideo, Uruguay)

DOI:

https://doi.org/10.55444/2451.7321.2007.v45.n2.4082

Keywords:

South American integration, trade agreements, integration strategies

Abstract

This paper analyses the recent evolution of economic integration in South America, identifying the heterogeneous strategies that have been implemented. The analysis distinguished between issues that are a potential source for conflict, and issues where there exists a wider scope for achieving common objectives. Two levels of integration are considered: sub-regional (CAN and MERCOSUR) and multilateral (ALADI, CASA, ALABA). Each of these two types has different requirements as well as different aims. While the former involves deeper compromises, multilateral agreements have a more disperse agenda with less strict clauses. The different proposals are analysed from four perspectives: convergence of the agreements, integration in infrastructure and the development of regional goods, asymmetries and convergence, and institutional issues. The main conclusion is that countries involved in the integration process are far from fulfilling with a fundamental premise: to believe in what they agree and to agree in what they believe.

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Published

2007-12-01

Issue

Section

OBSERVATORIO DE POLÍTICA

How to Cite

Convergences and Divergences in South American Integration. (2007). Revista De Economía Y Estadística, 45(2), 125-185. https://doi.org/10.55444/2451.7321.2007.v45.n2.4082