RIO DE JANEIRO, BRAZIL - According to economist Luciano Wexell Severo, the Southern Common Market (Mercosur) is going through one of the worst moments in its 30 years of existence, due to falling trade within the bloc and also because of Brazil's withdrawal from the group's leadership role.
"What Brazil exports to Argentina, Paraguay and Uruguay are mostly industrialized products. When this trade drops, as it is now, we lose income, jobs, taxes, science, technology. Even so, we have not seen the government mobilize to give Mercosur back its leading role," says Severo, professor at the Federal University of . . .
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