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Mercosur: Struggling to Meet Diverging Needs

Nov 20, 2015 | 09:30 GMT
Latin American leaders, officials and diplomats from Brazil, Argentina, Uruguay, Paraguay and Venezuela pose for a photo during the Mercosur summit in Brasilia. The South American customs union will likely have to change to survive the region's economic slowdown.
Latin American leaders, officials and diplomats from Brazil, Argentina, Uruguay, Paraguay and Venezuela pose for a photo during the Mercosur summit in Brasilia. The South American customs union will likely have to change to survive the region's economic slowdown.
(WENDERSON ARAUJO/AFP/Getty Images)

As is the case with many economic and political blocs, competing interests of member states often strain their ability to function. The South American customs union Common Market of the South -- or Mercosur -- is no different. It will likely have to change to survive the region's economic slowdown....

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