The eighteen months from June 2001 to end December 2002 were a period of unprecedented economic crisis within MERCOSUR, stemming from the sharp external shock that, with different characteristics, origins, and consequences in each member country, manifested itself in the bloc¿s two main...

The Andean countries have made significant progress in their external agenda, above all because of the achievements with their main economic and political counterparts. Andean negotiations contributed to having the United States adopt the Andean Trade Promotion and Drug Eradication Act, renewing...

The period beginning in the first half of 2003 opened a window of opportunity for MERCOSUR¿s internal agenda. Convergence among the member countries¿ exchange rate policies, the resumption of economic growth in the subregion, and the assumption of power on the part of heads of state who are...

In the first half of 1998, the impact of the Asian crisis on the level of economic activity in the four MERCOSUR countries was, in addition to being reasonably differentiated, much less severe than had been forecast at the end of 1997. However, the sub-regional gross domestic product (GDP),...

In the first half of 1997, MERCOSUR's macroeconomic situation was marked by two trends: first, improved performance in terms of output and inflation rates, in a context of relative fiscal fragility and external vulnerability; and second, convergence in the performance of the different countries,...

The period covered by MERCOSUR Report 14 (July 2008-June 2009) was marked by the international crisis. The inflationary phase of the crisis (August 2007-June 2008) fuelled certain expansionary trends in MERCOSUR countries. Once this phase had run its course, MERCOSUR¿s performance began to feel...

The second half of 1998 was a turning point in the macroeconomic evolution of the MERCOSUR countries, and will very probably mark the beginning of a new phase in relations between them. Despite some difficulties and setbacks, the initial stage ¿ from the signing of the Treaty of Asunción in...

MERCOSUR has become less operational, despite government claims that it will continue to play a leading role in the international insertion strategies of its member countries for some years. The current crisis is clearly far from over. It is important to note that the enormous difficulties that...

In the context of a growing world economy, a steady demand for raw materials and a wealth of liquidity, the Southern Common Market (MERCOSUR: Mercado Común del Sur) continues to expand. The macroeconomic indicators reveal a more solid bloc than last year, and growth is combined with lower...