This paper discusses the prospects for the integration of South America, stressing that there are two competing projects. On the one hand, we have the Free Trade Area of the Americas (FTAA), as proposed by Washington, or bilateral free trade agreements with the United States in the FTAA format....

The present article is a review of some recent works on the effects of the FTAA and the EU-Mercosur agreement on the Brazilian economy. We present these works' main results, emphasizing their methodological differences and limitations. Their results seem to be very diverse and very sensible to...