Business Excellence, Vol. 16 No. 2, 2022.
Preliminary communication
https://doi.org/10.22598/pi-be/2022.16.2.97
THE INTERNATIONAL COMPETITIVENESS OF MERCOSUR
Tomislav Galović
orcid.org/0000-0002-0891-796X
; Faculty of Economics and Business, University of Rijeka, Croatia
Abstract
Over last 30 years, The Southern Common Market (MERCOSUR), as 4th largest
trade block, undoubtedly exists and functions. In year 1991, Argentina, Brazil, Paraguay,
and Uruguay established MERCOSUR (Mercado Común del Sur). Venezuela joined in
year 2006 but suspended since 2016. By signing a trade agreement, four member states
of Latin America accepted unilateral trade liberalization programs, dismantled trade
barriers, and enforced market expansion. This investigation is implemented through the
commonly used international trade indicators and aims at unveiling status of
international competitiveness and comparative advantages of MERCOSUR countries.
The observed period is from 2014-2019. The main hypothesis assumes satisfactory state
of the international competitiveness of MERCOSUR member states within observed
period. The key results discuss the position of MERCOSUR member countries’
international competitiveness together with the collected results of MERCOSUR trading
bloc indicators. The paper’s concluding remarks aim at identifying the trading situation
of MERCOSUR member countries, along with the proposals intended for achieving the
higher levels of their international competitiveness.
Keywords
MERCOSUR; regional integration; international competitiveness; trading bloc.
Hrčak ID:
287221
URI
Publication date:
14.12.2022.
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