On the Road to Southern Cone Economic Integration

Abstract

The integration process as developed in MERCOSUR has been largely a success, albeit led (and often aggravated) by Brazil. Three cases illustrate Brazil’s dominant role: the dispute over the automobile regime that began in 1995, the import-financing conflict of 1997, and the recent negotiations over the Free Trade Area of the Americas. Brazil’s behavior pattern does not threaten MERCOSUR’s stability, however, or the all-but-irreversible progress of regional integration.