The paper is organized as follows. The next section presents some stylized facts on Mercosur, documenting the evolution of trade in goods within member countries and then highlighting the characteristics of the trade agreement that make smaller Mercosur economies vulnerable to macroeconomic...

Focuses on social security developments in South America during the 1990s.

Covers the period from 1980 to 1997.

This paper deals with the problem of vulnerability of developing countries and their resilience capacity with respect to external shocks. The analysis particularly considers the countries of Latin America and Sub-Saharan Africa. Although the transmission risks of the 2007 financial crisis were...