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Journal of Economic Integration 2001 June;16(2) :180-202.
The New Regionalism in the Americas: The Case of Mercosur

Antoni Esteradeordal Junichi Goto Raul Saez 

Inter-American Development Bank
Kobe University
Ministry of Finance in Chile
Copyright ©2001 Journal of Economic Integration
n del Sur (MERCOSUR). The paper carefully documents the main stylized facts of the development of MERCOSUR arguing that this makes this type of agreement a prime example of the New Regionalism. Our conclusions are consistent with Ethier's paper, that is, regionalism can play a key role in expanding and preserving the liberal trade order.
Keywords: Regionalism | Customs | Free Trade Area | Mercosur
1. Yeats, A. (1998), "Does MERCOSURs Trade Performance Raise Concerns about the Effects of Regional Trade Arrangements?," The World Bank Economic Review.
2. Ethier, W. (1998), "The New Regionalism," The Economic Journal, Vol. 108, July.
3. Freund, C. and J. Mclaren (1999), On the Dynamics of Trade Diversion: Evidence from Four Trade Blocs, International Finance Discussion Papers No. 637, Board of Governors of the Federal Reserve System, June.
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