Word: mercosur
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...definitely prepared to walk away" from an ftaa, says Michael Connolly, an international-trade expert at the University of Miami. Brazil's $500 billion economy is South America's largest and among the world's top 15. It has always cared more about its own trading bloc, Mercosur - a $620 billion customs union that includes Argentina - than about an ftaa. So what seems to matter most to Lula is the chance to thwart U.S. hegemony. "The U.S. thinks first and foremost about the U.S., so now it's up to the Brazilians to think more about ourselves," he told Time...
...Brazil's coalition; Colombian Commerce Minister Jorge Humberto Botero said the G-22 "ceases to be a useful tool for our country." The U.S. declared that Brazil's stance on the ftaa was "isolated." Brazil's leaders scoff at this. "The [U.S.] misrepresentation here is that Brazil and Mercosur don't want to negotiate," says Amorim. "That is certainly not true." Mercosur accounts for more than two-thirds of South America's economy, he notes - so to call Brazil isolated "is the same as negotiating with Asia and saying India and China are isolated." This does not sound like...
...reaching is a government's right to block a company from growing or merging? In this new, globalized era, large companies that decide to make big moves that affect more than one region of the planet have to deal with two or more bodies--NAFTA, E.U., Mercosur, you name it. Is this the end of the American economic hegemony? DANIEL PASKIN Miami...
...Kissinger is far too sophisticated to attempt to recreate a world that is lost. "Today," he writes, "the Westphalian order is in systematic crisis." In particular, nation-states are no longer the sole drivers of the international system. In some cases, groups of states - like the European Union or Mercosur - have developed their own identities and agendas. Economic globalization has both blurred the boundaries between nations and given a substantial international role to those giant companies for whom such boundaries make little sense. In today's world, individuals can be as influential as nations; future historians may consider the support...
...Brazilian president Henrique Cardoso wasn't standing anywhere near Bush at that moment. Brazil, to put it simply, is the head of the skeptics. Mercosur, the South American trading bloc, isn't as thorough a free-trade area as NAFTA, and is beset with internal squabbles. But they have their pride. When Brazil hears Bush talk about three competing world trade zones, it wonders whether South America wouldn't be better off as a fourth leg - doing, as it is now, a nice little business with Europe as well as North America - rather than living in the NAFTA shadow...