Economic Integration in Latin America: A Review of the MERCOSUR Organization

Abstract

The intention of this capstone project is to provide an assessment of the level of economic integration in the MERCOSUR organization of the Latin American Region, and to offer suggestions for future considerations for the continued success of the organization. The paper will review the different levels of economic integration that countries can engage in and further explore the ways in which MERCOSUR has engaged in the economic integration process. There will be special emphasis placed on the role of MERCOSUR\u27s two main players: Brazil and Argentina Despite the numerous challenges and setbacks faced by the MERCOSUR organization, it has gained a degree of success and will continue to do so in the future with a realignment of macroeconomic and domestic policies between member states