MERCOSUR: A Cautionary Tale

Abstract

Regional economic integration has resulted from the globalization phenomena. Nations establish trade blocs as a strategic maneuver, while firms seeking growth and investment opportunities require knowledge of prevailing business laws. Prudent, integrated policy-making will support the trade bloc’s interactions and provide firms with a sense of certainty. The business bankruptcy laws of South America’s largest trade bloc, MERCOSUR, are investigated to determine if they are moving toward alignment that would foster growth within the association and attract foreign investors.