Latin American integration in the first decade of the millennium

ABSTRACT This paper analyzes the outlook for Latin American economic integration at three interrelated levels: multilateral, hemispheric and sub-regional. At the multilateral level, it argues that the WTO is not prepared to regulate the competition patterns engendered by the information revolution, and this implies an interim role for regional institutions. At the hemispheric level, it shows that the FTAA will not provoke immediate threats to sub-regional agreements such as Mercosur, Andean Community and CARICOM. Consequently, the main challenge to be faced by Latin American governments in the near future is to manage the interplay between domestic policies and their sub-regional agreements.