2003
DOI: 10.1111/j.1548-2456.2003.tb00241.x
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Can Mercosur Survive? Domestic and International Constraints on Mercosur

Abstract: Mercosur has survived several crises by resorting to presidential diplomacy, but it risks becoming an empty shell unless member states work to coordinate macroeconomic policies. Its survival depends on the outcome of domestic political struggles in Brazil and Argentina and on the harmonization of exchange-rate policies between the two countries. This article examines the Argentine-Brazilian "trade wars" provoked by successive devaluations o f the Brazilian currency, aggravated in 200 1 by the Argentine economi… Show more

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Cited by 26 publications
(11 citation statements)
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“…However, RTA cooperation has tended to break down in Latin America when macroeconomic performance weakens (Eichengreen 2004). For example, periodic current account defi cits have caused Brazil and Argentina to reverse their commitments to Mercosur a number of times since 1995 (Carranza 2003). In this sense, the current account is not just an indicator of a commitment to market-oriented reform but also a guarantor of a sustainable orientation to the new international division of labor.…”
mentioning
confidence: 99%
“…However, RTA cooperation has tended to break down in Latin America when macroeconomic performance weakens (Eichengreen 2004). For example, periodic current account defi cits have caused Brazil and Argentina to reverse their commitments to Mercosur a number of times since 1995 (Carranza 2003). In this sense, the current account is not just an indicator of a commitment to market-oriented reform but also a guarantor of a sustainable orientation to the new international division of labor.…”
mentioning
confidence: 99%
“…The lack of formal regional-level harmonization of telecommunications policy is not unexpected. Mercosur, for example, has been experiencing difficulties in policy coordination even in its core areas of economic coordination (Levi-Faur, 2004) and harmonization of monetary policies (Carranza, 2003).…”
Section: Regional Levelmentioning
confidence: 99%
“…With global attention focussed on the way in which NAFTA mediated the relationship between trade and environment, greater pressure was felt by those negotiating its terms to strengthen environmental provisions. By contrast, ongoing negotiations within Mercosur and ALCA have been, to some extent, overshadowed by economic crisis within the region (Argentina in 2000/2001 and previously Brazil's massive currency devaluation in January 1999) such that the very project of regional integration has been in doubt at key moments (Carranza 2003). The timing of the decline in collective environmental provisions under Mercosur is, according to Hochstetler (2003: 4) 'most clearly linked to the severe crisis of the entire Mercosur argreement and the Argentine economic crisis in the late 1990s in particular, which had little to do with the environmental protocol itself, but contributed to its decline'.…”
Section: The Politics Of Mobilisationmentioning
confidence: 99%
“…ALCA, (FTAA), surpasses the previous two agreements in its potential breadth and ambition, with some suggesting that Mercosur could be absorbed within ALCA (Carranza 2003). As Fisher puts it; 'As we begin the new century, negotiators are looking ahead to one of the most demanding trade negotiations in history: the goal is a comprehensive agreement linking 34 countries and 800 million people from the Arctic Ocean to Tierra del Fuego' (Fisher 2002:183).…”
Section: Alcamentioning
confidence: 99%