登入
選單
返回
Google圖書搜尋
Economic Integration Without Policy Coordination
Werner Baer
Peri A. Silva
Tiago Cavalcanti
其他書名
The Case of Mercosur
出版
SSRN
, 2001
URL
http://books.google.com.hk/books?id=HmMBtwAACAAJ&hl=&source=gbs_api
註釋
This paper analyses the evolution of the South American Common Market, Mercosur. It shows how the lack of coordination of macroeconomic policies, especially of the two major participants (Argentina and Brazil), had caused trade strains and conflicting interests in attracting foreign investments. Divergent macro-economic policies have had negative effects on bilateral trade due to the risk averseness (resulting from bilateral exchange rate volatilities) of exporters and importers, and due to the protectionist forces they have brought forth. The paper also shows how the lack of policy coordination caused increased confrontations with respect to Foreign Direct Investment in the region.
