Latin America's Free Trade Market Struggles

Risen, Clay
June 2008
World Trade;Jun2008, Vol. 21 Issue 6, p52
Trade Publication
This article looks at the economic struggles of Mercosur, a common market comprising Brazil, Argentina, Paraguay, Uruguay and Venezuela. Unlike Europe, where several large economies can balance each other, Brazil utterly dominates the Mercosur economy, making up $800 billion of its $1.1 trillion gross domestic product (GDP). In addition, Mercosur has been unable to revolve even basic trade issues between members, many of which derive from the vast differences in economic and political agendas among the member states.


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