THIS PAPER discusses some aspects of the recent economic evolution of Brazil, Argentina and other South American countries. Dangerous economic and intellectual trends, such as "globalization", the so-called Washington Consensus, dollarization, and FTAA (Free Trade Area of the Americas) negotiations, have lost momentum and South America is moving gradually towards a more independent stance in the conduct of its economic and foreign policies. Changes have been much more significant in Argentina than in Brazil and this has become a source of some tension between the two major South American countries. Nevertheless, a strategic alliance between Argentina and Brazil remains the corner stone of South American integration.
Economic Policy; Foreign Policy; Trade Negotiations; Argentina-Brazil Relations
