Mercosur: Integration and Industrial Policy

Comprising the majority of Latin America's population, land and economic output, the Southern Cone Common Market (Mercosur) represents the deepest attempt to date at economic integration in the region. Two tentative conclusions emerge from an analysis of Mercosur and its industrial policy: 1. t...

Full description

Saved in:
Bibliographic Details
Published in:World economy 1997-08, Vol.20 (5), p.585-603
Main Authors: Leipziger, Danny M., Frischtak, Claudio, Kharas, Homi, Normand, John F.
Format: Article
Language:English
Subjects:
Economic bloc
Economic development
Economic integration
Economic Policy
Industrial policy
Industry
Integration
Latin America
MERCOSUR
Regional economics
South America
Studies
Tariff policy
Trade agreements
Trade policy
Citations: Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Comprising the majority of Latin America's population, land and economic output, the Southern Cone Common Market (Mercosur) represents the deepest attempt to date at economic integration in the region. Two tentative conclusions emerge from an analysis of Mercosur and its industrial policy: 1. the short-run welfare effects of Mercosur are likely to be small but positive, and 2. industrial policy to date has not been very large but its future application must be judicious if Mercosur's goals are to be met. The objectives and effects of Mercosur are presented. The Mercosur countries' industrial policies in the general framework of Mercosur are discussed and analyzed.
ISSN:0378-5920
1467-9701
DOI:10.1111/1467-9701.00090