The New Regionalism in the Americas: The Case of Mercosur

Antoni Esteradeordal () and Junichi Goto ()
Additional contact information
Antoni Esteradeordal: Inter-American Development Bank, Postal: Research Economist at the Integration, Trade and, Hemispheric Issues Division of the Inter-American Development Bank, 1300 New York Ave., NW,, Washington, D.C. 20577 USA.
Junichi Goto: Kobe University, Postal: Kobe University, Research Institute for Economics and Business, Administration, 2-1, Rokkodai-cho, Nada-Ku, Kobe 657, Japan

Journal of Economic Integration, 2001, vol. 16, 180-202

Abstract:

This paper takes seriously the recent claim made by Ethier (1998) that the New Regionalism reflects the success of the multilateral trading system, not its failure. In fact, the New Regionalism represents a qualitative departure of the old regionalism in several respects, in particular, its development has taken place in a very different international economic environment. Moreover, the traditional Vinerian paradigm is no longer the primary analytical framework for its evalua-tion. We use this novel approach to analyze the case of one of the most important experiences in regional integration, the formation of the Mercado Común del Sur (MERCOSUR). The paper carefully documents the main stylized facts of the development of MERCOSUR arguing that this makes this type of agreement a prime example of the New Regionalism. Our conclusions are consistent with Ethier’s paper, that is, regionalism can play a key role in expanding and preserving the liberal trade order.

Keywords: Regionalism; Customs; Free Trade Area; Mercosur (search for similar items in EconPapers)
JEL-codes: F15 (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (12)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:integr:0160

Access Statistics for this article

Journal of Economic Integration is currently edited by Seongeun Kim

More articles in Journal of Economic Integration from Center for Economic Integration, Sejong University Contact information at EDIRC.
Bibliographic data for series maintained by Yunhoe Kim ().