Mercosur should be seen as an example of functional regional integration with an aim at creating a Common Market that is unique for two interconnected reasons. Firstly though, the grouping is described as ‚functional™ or desirable as according to the institutional justifications, analyses, and uncritical defences of current neoliberalism it serves an identifiable purpose. Unlike
the European Union, the notion of progressing toward supranational institutions has been explicitly rejected by the partners.
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