Since the beginning of the 1990s almost all Latin American countries have begun to change their strategies from protectionism to free trade. Historically, plans for regional economic integration have a long tradition on this continent, but attempts to bring them to fruition have failed time and...

The many groupings of developing countries formed in the fifties and sixties with a view to establishing a customs union have failed to achieve convincing results so far. Would another integration strategy have been more successful?