Union of South American Nations experience different levels of privations arriving, in extreme cases, to the absolute poverty. However, it is necessary to emphasize that poverty in South America has been reduced in a surprising way, especially in the Southern Cone and North of South America. Today, thanks to the development of many South American nations, it has allowed the world, their eyes on some governments, even forming part of economic blocs like G20 and BRICS. Although this reality is common to the entire South American group, the countries of the so-called Southern Cone (Argentina, southern Brazil, Chile, and Uruguay) present more positive socioeconomic data
Union of South American Nations Union of South American Nations The Union of South American Nations (USAN; , UNASUR; , UNASUL; , UZAN; and sometimes referred to as the South American Union) is an intergovernmental regional organization comprising twelve South American countries. The UNASUR Constitutive Treaty was signed on 23 May 2008, at the Third Summit of Heads of State, held in Brasília, Brazil. According to the Constitutive Treaty, the Union's headquarters will be located in Quito, Ecuador. On 1 December 2010, Uruguay became the ninth state to ratify the UNASUR treaty, thus giving the union full legality. As the Constitutive Treaty entered into force