How Regional Blocs Affect Excluded Countries

The Price Effects of MERCOSUR

• Author(s): Won Chang, L. Alan Winters,
• Publisher: World Bank Publications
• Pages: 57
• Language: en

Description:... Price data on exports to Brazil from countries excluded from MERCOSUR show that preferential trading agreements hurt nonmember countries by compelling them to reduce their prices to meet competition from suppliers within the regional trading bloc.