MERCOSUR, NAFTA, and Latin American Integration: Challenges and Solutions
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MERCOSUR Integration: Problems and Solutions
Internal Challenges
Latin America historically had a protectionist scheme, characterized by extremely high import tariffs and, in general, import bans on locally manufactured products. This was further complicated by the presence of military governments in most countries. Companies had reserved domestic markets without foreign competition, leading to significant resistance when tariff reductions were proposed.
External Challenges
External challenges included the fall in international commodity prices and global economic crises.
Solutions
Since the 1980s, Latin American integration has been facilitated by political and economic circumstances.
Policies
The return of democratic governments in most countries.... Continue reading "MERCOSUR, NAFTA, and Latin American Integration: Challenges and Solutions" »