Processes of open regionalism and globalization should pay greater attention to physical integration, the limits of which today restrict their effectiveness, placing South America at a disadvantage compared to other regions around the world. This edition of the FAL Bulletin provides information on the resolutions approved by the Second Meeting of Presidents of South America, Guayaquil, 26 to 27 July 2002, along with some of the papers presented at the technical meeting held 5 August 2002 and the conclusions reached at this meeting.