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What is the potential market (millions of people) of mercosur?Has mercosur improved the relationship among...

What is the potential market (millions of people) of mercosur? Has mercosur improved the relationship among the countries. Yes/No, explain? What are the future expectations of mercosur? Does mercosur look promising? Is it going to continue? Or is it expected to end? Explain

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Expert Solution

Potential market for MERCOSUR is 553 million approximately including associated and observer members.

MERCOSUR is cooperative hegemony and improved overall bilateral relationships as it has created comparative advantage and elimination of free rider problem and helped in reducing unemployment, profitability for companies, ease of doing business, free trade and movement of labor, etc.

Future expectations include weghted average approach in market share of member nations, while its already promising its expected to cintunue in future if it constantly improves mutual relationships and coordination.

Rahul Sunny answered 2 years ago
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