The Political Economy of Integration The Experience of Mercosur [Hardcover]

This book assesses South Americas most ambitious attempt at economic integration, Mercosur. It explains the mainand inherentweaknesses of the integration effort, through explicit comparison with the European experience with integration. Jeffrey Cason argues that the three main reasons for Mercosurs limited success are weak domestic political institutions in the member countries, vulnerability in the global political economy, and a serious imbalance in the economic and political weight of the member countries.

In addition to providing this overarching explanation for Mercosurs limitations, the book tells the story of Mercosurs genesis, development, and frustrations. This book provides both an explanatory framework for understanding Mercosur and a story. It considers how Mercosur emerged, why it was greeted with great enthusiasm (and huge trade growth), and how it hit stumbling blocks as it sought to be more than it was capable of being. The book also focuses on how and why developing countries are inherently limited in any economic integration project.

Introduction, Chapter 1: Understanding Integration: The European Model and a South American Case, Chapter 2: A Long-Standing Dream: Historical Experience With Integration In Latin America Chapter 3: The Launching Of Mercosur, Chapter 4: Mercosurs Day In The Sun: Ambition Meets Its Match, Chapter 5: Mercosur in Slow-Motion Crisis, Chapter 6: The Future of Mercosur and the Challenges of Economic Integration in the Developing World.