Whither trade blocs in Latin America?: Canning Papers

Executive Summary

Amidst the continued controversy, the article finds that there are now two main schools of thought about the future of trading blocs. One sees them as unfinished business; the other regards them as largely irrelevant to Latin American development. Both suggest changes in policy emphasis.

The first suggests that they need to be complemented with wider efforts to facilitate integration, in line with the idea of ‘second-stage reforms’.