This paper looks at the regionalisation of trade in South America, by looking at trends in trade during the 1994-2007 period. It finds that the increasing political will to strengthen regional arrangements like Mercosur and the Andean Community, has not impacted extensively on the overall level...

Purpose – This paper aims to exploit a new trade database to explore the extent to which trade, and the industrial division of labor which it represents, is regional in nature.Design/methodology/approach – The analysis focuses especially on intermediates trade, in three key regions – the...