present a detailed comparison of Latin America and the EU across six key indexes. Their findings suggest there remain substantial advantages to pursuing regional integration – and the proposed Mercosur-EU agreement may pave the way to a closer alignment between the two areas.
Covid-19 has had a significant impact on every aspect of life in Latin America, much as it has in Europe. In general, the less wealthy a country is, the worse the situation has been. The World Bank estimated in 2020 that extreme poverty would grow significantly across the world for the first time in twenty years as a result of the pandemic. It is expected that Latin America will contribute substantially to this trend, while the European Union will be less affected.