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MERCOSUR: 30 years behind. What’s ahead?

Author

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  • Petr Pavlovich Yakovlev

    (Russian Academy of Sciences (RAS) - Institute of Latin America)

Abstract

The integration association of South American countries - MERCOSUR - celebrated its 30th anniversary in 2021. During this period the largest integration grouping of South American states has passed a difficult path of establishment and development in the form of a free trade zone and a customs union. Due to many internal and external reasons not everything was done as originally planned. MERCOSUR had gone through a series of crises, with sharp disagreements breaking out between its participants. Nevertheless, despite all the difficulties and obstacles, MERCOSUR eventually continues to play a prominent role in global trade and world economy, and, given its total production potential, remains an attractive economic partner for countries in different parts of the world.

Suggested Citation

  • Petr Pavlovich Yakovlev, 2021. "MERCOSUR: 30 years behind. What’s ahead?," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 11, pages 30-48, November.
    • Handle: RePEc:alq:rufejo:rfej_2021_11_30-48
    DOI: 10.24412/2072-8042-2021-11-30-48
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