The "new regionalism"' of the last decade shows a turn away from regional groupings (such as the North American Free Trade Agreement (NAFTA), 2 the Southern Common Market (MERCOSUR) 3 and Free Trade of the Americas (FTAA) 4 ) towards the negotiation and implementation of more bilateral arrangements.
Taylor, C. O'Neal
"The U.S. Approach To Regionalism: Recent Past And Future,"
ILSA Journal of International & Comparative Law: Vol. 15
, Article 8.
Available at: http://nsuworks.nova.edu/ilsajournal/vol15/iss2/8