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"Integración Regional en América Latina: Desafíos y Oportunidades" is the title of the latest collection of research papers from Vi member universities in Argentina, Peru, Uruguay and Brazil.

The publication, resulting from a joint project funded by the Government of Spain, comprises six papers that examine the economic, political, and legal aspects of the regional integration process in Latin America.
Valentina Delich and Juliana Peixoto from FLACSO, Argentina, analyze the impact on integration of South American economic performance and changes in leadership of the past 10 years. Specifically, the research focuses on MERCOSUR, and the role of Argentina within the bloc.
Alain Fairlie Reinoso (Pontificia Universidad Católica del Perú) looks at the evolution of the Andean Community (CAN) in light of its members’ involvement in trade agreements with the North. Peru is singled out because the Free Trade Agreement signed with the United States has lead to difficulties in CAN.
The third paper, written by Pedro Moncarz (National University of Cordoba, Argentina), Marcelo Olarreaga (University of Geneva, Switzerland) and Marcel Vaillant (Universidad de la República, Uruguay), deals with the linkages between regional integration and trade flows in MERCOSUR. Based on an empirical model, the authors analyze the exports of each member country.
Carlos Aguiar de Medeiros from the Universidade Federal do Rio de Janeiro (UFRJ), Brazil, focuses on alternative models of integration, comparing historical experiences of regionalization in Europe, Asia and North America, with recent developments in South America.
The legal aspects of regional integration are discussed in the paper written by Ramon Torrent and Federico Lavopa from the University of Barcelona, Spain. The authors propose an analytical framework for the study of secondary law creation mechanisms.  The authors compare the mechanisms of MERCOSUR and UNASUR, and assess their effectiveness in furthering integration.
André Martins Biancareli (Unicamp, Brazil) focuses on the financial dimension of regional integration in Latin America. He quantitatively evaluates the bold intentions with the actual achievements in the area of financial cooperation and linkages in the region.
The papers were first presented at the Vi workshop held in Montevideo and Lima in December 2009 and subsequently reviewed in joint cooperation between the Vi and the member universities.
The publication is available on the Vi digital library in Spanish with English summaries.