The Union of South American Nations: The New(Est) Regionalism in Latin America‪.‬

I. INTRODUCTION Since their independence, Latin American countries have attempted to integrate both politically and economically. (1) While countries in Latin America have created institutions to facilitate trade liberalization and regional integration, this process has only fumbled toward the goal of regional integration. (2) With the agreement to form the South American Community of Nations (SACN) and subsequently the Union of South American Nations (UNASUR), Latin American countries have made an important step toward realizing the goals of true regional integration. (3) Successful integration, however, will only be accomplished with significant change to the status quo that takes into consideration problems encountered in the past. (4)