Current Issues in Economics and Finance
Mercosur: Implications for Growth in Member Countries
May 1999 Volume 5, Number 7
JEL classification: F12, F14, F15

Authors: Michelle Connolly and Jenessa Gunther

The South American customs union known as Mercosur has contributed significantly to regional trade liberalization. But by encouraging trade within the group at the expense of trade with nonmembers, Mercosur may limit member countries' access to high-technology imports, an important stimulus to growth.

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