South America in movement
This paper discusses the prospects for the integration of South America, stressing that there are two competing projects. One the one hand, we have the Free Trade Area of the Americas (FTAA), as proposed by Washington, or bilateral free trade agreements with the United States in the FTAA format. On the other hand, we have Mercosur, recently expanded by the accession of Venezuela. Washington’s still very significant but declining influence in South America, relations between Argentina and Brazil, Venezuela’s entry into Mercosur, and the role of smaller countries are successively examined.
JEL Classification: F15; P16.
Keywords: South America regional integration free trade agreements United States of America Mercosur