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Essay / Research Paper Abstract
This 4-page paper focuses on a Venezuelan business and how it might benefit (or not) from membership in MERSOCUR. Bibliography lists 5 sources.
Page Count:
4 pages (~225 words per page)
File: D0_MTmercove.rtf
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Unformatted sample text from the term paper:
such as Brazil, Argentina and Paraguay to boost common markets, eliminate tariff barriers and harmonize macroeconomic policies of its member nations (International Training Centre, 2004). The purpose was to create
a powerful Latin American bloc, much like the European Union or North American Free Trade Agreement, so member nations would have some clout when it came to negotiating with non-member
nations. But what are some of the benefits to this business -- and Venezuela -- as a result of MERCOSUR membership? What
adjustments will need to be made to a business as a result of MERCOSUR? For the sake of this paper, well assume
the business in question is a chemical one, perhaps one that is a supplier to the oil industry. The business exports chemicals to other nations as well, and likely will
depend on MERCOSUR to lower tariffs and increase trade protections to its South American neighbors. When Venezuela joined MERCOSUR in 2005, the
countrys president Hugo Chavez believed it would help strengthen regional agreements. More importantly, for Mr. Chavezs anti-American sentiments, it meant that membership could prevent a U.S.-sponsored accord for the Southern
Hemisphere (Bloomberg, 2005). At the time, Chavezs goal for joining the organization was to both promote his influence and acquire government debt (Bloomberg, 2005). It was the presidents attempt to
diversify customers and suppliers -- while being a geopolitical statement (Bloomberg, 2005). Other benefits for the county as a whole have included
an ability to attract new investment (Robinson, 2006). Interestingly enough, MERCOSUR wouldnt have too much of an impact on raw material imports for Venezuela (Robinson, 2006). Venezuela has a wide
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