Can Mercosur survive? Domestic and international constraints on Mercosur

From: Latin American Politics and Society | Date: July 1, 2003| Author: Carranza, Mario E | Copyright information

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 of the Brazilian currency, aggravated ...

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