The study was conducted to examine economic relations between the Southern African Customs Union (SACU) and the Mercado Commun del Sur (translated Southern Common Market), in short (Mercosur). SACU was established in 1910 and consists of five member countries, namely; South Africa, Botswana, Lesotho, Namibia and Swaziland. Mercosur was created in 1991 and consists of Argentina, Brazil, Paraguay and Uruguay, with Bolivia, Chile, Colombia, Ecuador, Peru and Venezuela being associate members. The aim of the study was to ascertain whether the Mercosur-SACU relations had created more economic opportunities for both regions. In pursuit of this aim, the study revised and analysed the evolution, development and growth of both Mercosur and SACU. It also analysed the achievements and challenges faced by each of the blocs in their respective regions. The conclusion of the analysis indicate that, countries which were economically stronger before the establishment of formal bloc-to-bloc relations, Brazil in Mercosur and South Africa in SACU, tended to reap disproportionally high dividends than others. The study further concludes that challenges facing Mercosur and SACU countries should not discourage them in pursuing collective developmental initiatives such as regional integration and South-South Cooperation.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:nmmu/vital:8326 |
| Date | January 2012 |
| Creators | Mpepho, Lwandiso Arthur |
| Publisher | Nelson Mandela Metropolitan University, Faculty of Arts |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis, Masters, MA |
| Format | 159 leaves, pdf |
| Rights | Nelson Mandela Metropolitan University |
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