During the first decade of the 21st century

Posts : 1136 Join date : 2011-01-02

During the first decade of the 21st century, South American governments have drifted to the political left, with socialist leaders being elected in Chile, Uruguay, Brazil, Argentina, Ecuador, Bolivia, Paraguay, Peru and Venezuela. Despite the move to the left, South America for the most part still embraces free market policies, and it is taking an active path toward greater continental integration.
Recently, an intergovernmental entity has been formed which aims to merge the two existing customs unions: Mercosur and the Andean Community, thus forming the third-largest trade bloc in the world.[18] This new political organization known as Union of South American Nations seeks to establish free movement of people, economic development, a common defense policy and the elimination of tariffs.

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