Mercosur: Struggling to Meet Diverging Needs

The Common Market of the South -- or Mercosur -- will likely experience substantial changes in 2016, driven by the persistent economic slowdown throughout Latin America that has hit South America and several of the Mercosur states particularly hard. As is the case with many economic and political blocs, competing interests of member states have and will continue to strain Mercosur's ability to function in its current form, forcing it to transform its legal framework to at least partially facilitate the many diverging needs of its members....