When Blocs Collide
The Pacific Alliance and Mercosur have adopted very different strategies for achieving the same goal: further integration into the world economy. Whether they succeed, thereby securing Latin America’s status as one of the global economy’s major players, will depend on whether their strategies complement or clash with each other.
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BUENOS AIRES – Latin America’s two largest economic groupings – the Pacific Alliance and the Southern Common Market (Mercosur) – are pursuing further integration into the global economy in very different ways. Whether they succeed will depend not only on their individual strategies, but on whether these strategies complement each other. Only if they do can the region become a significant global player.