Argentina is in even worse shape. It flirted with markets in the 1990s. But ever since the 2002 peso devaluation, successive Argentine governments have behaved like jilted lovers, hostile and vengeful toward investors. Contracts and property rights are now largely meaningless in an Argentine court of law.
(...)Nevertheless there is opportunity here as well. Mercosur creates more cross-border trade within the union, but thanks to the union's external tariff this is at the expense of trade with nonmembers that could provide better value. This matters less to Brazil, with its large internal market, than to the smaller members. If Paraguay is smart it will take advantage of its suspension to bolt the union and pursue free trade with the rest of the globe. For that matter, it wouldn't be a bad idea for Brazil either.
Visto en Brazil´s Crisis
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