Abstract: An Economic Analysis on the effects of Regional Trade Agreements on Member Countries; A Case Study of MERCOSUR.
Mentor; Dr. Tom Trulove, Economics
In today's rapidly changing world many governments are looking outside of their own borders for answers to their development problems. In recent years economic integration between two or more countries has been very popular. One of the most common ways of integrating individual economies has been through the signing of trade agreements. Countries enter into these trade agreements in hopes of speeding up the development process and increasing the standard of living for their citizens. In the Western hemisphere several trade agreements have been signed in hope that integration will stabilize and accelerate the development of struggling economies. Two of the most recent trade agreements are the North American Free Trade Agreement (NAFTA), of which Canada, Mexico, and the United States are members; and el Mercado Comun del Sur (MERCOSUR), of which Argentina, Brazil, Paraguay, and Uruguay are full members and Chile and Bolivia are associate members. This paper focus will be on MERCOSUR and its full members.
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