Electoral results will not lead to policy shifts in the members of either bloc.
Pacific Alliance countries continue to liberalise their economies, actively seek foreign investment and simultaneously pursue a reduction of high levels of inequality.
Mercosur’s larger members -- Brazil, Argentina and Venezuela -- currently face significant macroeconomic challenges.
Mercosur’s smaller members, Uruguay and Paraguay, may push for full membership of the Pacific Alliance, even if that does not please their Mercosur partners.