MERCOSUR AS EXAMPLE OF INTEGRATION COOPERATION OF THE COUNTRIES OF LATIN AMERICA

Abstract

In article specifics of cooperation of the countries of Latin America within economic association MERCOSUR are considered. On the basis of the analysis of specifics of the economic relations within this commonwealth of the states of the continent it is established that the organization represents asymmetric regional integration, the uniting catching-up countries having different levels of economic development. The author has drawn a conclusion that progress MERCOSUR has been caused by the capacity of his market, high degree of openness to the outside world, variety of resources and production potential, and also extensive institutional communications which the group has managed to adjust as with large trade blocks (as the European Union), and with the countries of the Latin American subcontinent.