In December, 2004, Latin American countries took a first tentative step in that direction by announcing the formation of South American Community of Nations in Peru. The new bloc has a combined population of about 380 million, a combined GDP of almost $1 trillion and total exports worth $185 billion. Member nations have pledged to work towards removing all trade and tariff barriers and eventually settle for a borderless Latin America with a common currency like the euro for the EU. Sceptics in the western world have already written off these lofty goals as unrealistic and insist that member countries have too many differences with each other to forge a coherent entity that can represent Latin America. Yet, the sceptics only need to look at the manner in which EU emerged from the debris of the Second World War. It took Europe 40 years to be integrated, and the process is still on. Why not Latin America then?
For complete IIPM article click here
Source:- IIPM Editorial, 2006
For complete IIPM article click here
Source:- IIPM Editorial, 2006
No comments:
Post a Comment