This article compares the Asian and Latin American experiences with monetary cooperation. It is argued that in the latter such cooperation has hardly progressed, due to low degree of regional integration, the recurrent use of multilateral institutional resources to deal with external shocks and...

O Mercosul enfrenta problemas derivados do nāo cumprimento de seus objetivos principais, quais sejam, a efetivaçāo de uma zona de livre comércio completa e uma uniāo aduaneira integrada por normas e tarifas verdadeiramente comuns. Esses problemas nāo sāo, contudo, o resultado de...

This paper analyzes the outlook for Latin American economic integration at three interrelated levels: multilateral, hemispheric and sub-regional. At the multilateral level, it argues that the WTO is not prepared to regulate the competition patterns engendered by the information revolution, and...