Mercosur: Implications for Growth in Member Countries
6 Pages Posted: 28 Jun 2007
The South American customs union known as Mercosur has contributed significantly to regional trade liberalization. But by encouraging trade within the group at the expense of trade with nonmembers, Mercosur may limit member countries' access to high-technology imports, an important stimulus to growth.
Keywords: Mercosur, South American customs union, trade
JEL Classification: F12, F14, F15
Suggested Citation: Suggested Citation