Mercosur - Changing Course?
Excerpts
The Crises
Effects of the Financial Crises
The financial crises, first in Brazil and then in Argentina definitely hurt the growth and development of Mercosur. GDP and foreign investment fell considerably and there were instances of negative growth and the economies entered into a recession. Argentina was one of the economies worst hit by the devaluation of the Brazilian Real, as Brazil was the destination for one-third of its exports........
Exhibit
Exhibit I: Map of South America with Mercosur Members
Exhibit II: Stages of Economic Integration
Exhibit III: Exports Within and Outside Mercosur Countries- 1990-2001
Exhibit IV: GDP of Mercosur Countries
Exhibit V: Average Nominal Exchange Rates between the US Dollar, Brazilian 'Real' and Argentine 'Peso'
Exhibit VI: Share of Imports in Argentina's Consumption Goods
Exhibit VII: Share of Mercosur Members in Latin American Economy
Exhibit VIII: Brazilian Exports in USD Billion
Exhibit IX: Percentage of Brazilian Exports to GDP