Overview

"The vision of a hemispheric system of free trade charts a bold new course for U.S - Latin American relations that promises to transform the economic and political landscape of the hemisphere well into the next century. In The Premise and the Promise, analysts from the United States, Latin America, and Canada explore the dynamics of the process under way in the Americas today, what features free trade ought to have, how the process of regional integration should proceed, and how the regional architecture should be related to the international trading system.Mexico's decision to seek a free trade agreement with the United States and Washington's announcement of the Enterprise for the Americas Initiative turned the incipient integrationist revival of the mid-1980s in Latin America into a seemingly unstoppable force. If regionalism is to be a benign force, however, it must overcome the impulse toward closed, exclusionary arrangements and emulate the best features of the multilateral approach: a regional arrangement should be flexible enough to accommodate vast regional diversity, inclusive enough to allow all countries in the region to participate, and efficient enough not to impose unduly large costs on those excluded from the arrangement.The contents include: Sylvia Saborio, ""Overview: The Long and Winding Road from Anchorage to Patagonia,"" Peter Morici, ""American Free Trade: A U.S. Perspective,"" Jos"" Salazar and Eduardo Lizano, ""Free Trade hi the Americas: A Latin American Perspective,"" Richard Lipsey, ""Getting There: A Canadian View on WHFTA's Structure,"" and Refik Erzan and Alexander Yeats, ""Empirical Evidence on the Impact of Free Trade Agreements with the United States on Latin America."" In six separate chapters, analysts weigh the costs and benefits of subregional free trade agreements between the United States and Mexico, Chile, Central America, Caricom, the Andean Pact, and Mercosur."

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9781560006190

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-This collection of writings, sponsored by the Overseas Development Council and the 18th volume in a series dealing with US and Third World policy perspectives, looks beyond the North American Free Trade Agreement to the possibility of closer economic ties among the nations of the Western hemisphere... Articles by ten contributors examine free trade agreements from a US perspective as well as a Latin American perspective, discuss the potential and limitations of such agreements among Western Hemisphere countries, and address the issues, trade patterns, and possiblities and uncertainties surrounding selected subregional free trade agreements.- --E. L. Whalen, Choice This collection of writings, sponsored by the Overseas Development Council and the 18th volume in a series dealing with US and Third World policy perspectives, looks beyond the North American Free Trade Agreement to the possibility of closer economic ties among the nations of the Western hemisphere... Articles by ten contributors examine free trade agreements from a US perspective as well as a Latin American perspective, discuss the potential and limitations of such agreements among Western Hemisphere countries, and address the issues, trade patterns, and possiblities and uncertainties surrounding selected subregional free trade agreements. --E. L. Whalen, Choice This collection of writings, sponsored by the Overseas Development Council and the 18th volume in a series dealing with US and Third World policy perspectives, looks beyond the North American Free Trade Agreement to the possibility of closer economic ties among the nations of the Western hemisphere... Articles by ten contributors examine free trade agreements from a US perspective as well as a Latin American perspective, discuss the potential and limitations of such agreements among Western Hemisphere countries, and address the issues, trade patterns, and possiblities and uncertainties surrounding selected subregional free trade agreements. --E. L. Whalen, Choice

<p> This collection of writings, sponsored by the Overseas Development Council and the 18th volume in a series dealing with US and Third World policy perspectives, looks beyond the North American Free Trade Agreement to the possibility of closer economic ties among the nations of the Western hemisphere... Articles by ten contributors examine free trade agreements from a US perspective as well as a Latin American perspective, discuss the potential and limitations of such agreements among Western Hemisphere countries, and address the issues, trade patterns, and possiblities and uncertainties surrounding selected subregional free trade agreements. <p> --E. L. Whalen, Choice

Author Information

Sylvia Saborio is a senior fellow at the Overseas Development Council and director of the Council's program on international trade. She is the author of an elementary economics textbook and has written extensively on trade, development, and finance.

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