Integrating the Americas

by Estevadeordal, Antoni

• ISBN13: 9780674014848
• ISBN10: 0674014847
• Format: Paperback
• Copyright: 2004-07-01
• Publisher: Harvard Univ David Rockefeller

Summary

Where Latin American government leaders once looked at free trade agreements as solely about trade and trading policies, they are increasingly viewing them as the next beacon of hope in the long and arduous road of economic reform. Integrating the Americas: FTAA and Beyond discusses how these governments have become embroiled in a larger set of issues affecting both institutions. This work, based on a conference sponsored by the Inter-American Development Bank and the David Rockefeller Center for Latin American Studies, examines how this free trade process is surging ahead, while at the same time taking on a broader set of issues including institutional reform, transparency, the environment, labor, and social cohesion. The payoffs to the strategy of liberalization, privatization, and openness have been meager and disappointing to date. Will the FTAA be able to reverse this and allow Latin America to reap the benefits of globalization?

Table of Contents

List of Tables	ix
List of Figures	xv
Preface	xix
Acknowledgments	xxi
About the Contributors	xxiii
List of Abbreviations	xxxv
Part I. Introduction
1. Introduction	3	(34)
Antoni Estevadeordal, Dani Rodrik, Alan M. Taylor, and Andrés Velasco
Part II. The FTAA: Historical and Global Perspectives
2. The Roots of Latin American Protectionism: Looking before the Great Depression	37	(38)
John H. Coatsworth and Jeffrey G. Williamson
3. Economic Integration in the Americas: European Perspectives	75	(30)
Anthony J. Venables and L. Alan Winters
4. The Proliferation of Sovereigns: Are There Lessons for Integration?	105	(38)
Matias Braun, Ricardo Hausmann, and Lant Pritchett
5. The Old and New Regionalism: Benefits, Costs, and Implications for the FTAA	143	(46)
Robert Devlin and Paolo Giordano
Part III. Macroeconomics of the FTAA
6. The Monetary Consequences of a Free Trade Area of the Americas	189	(38)
Barry Eichengreen and Alan M. Taylor
7. Macroeconomic Coordination and Monetary Unions in an n-Country World: Do All Roads Lead to Rome?	227	(32)
Andrew Powell and Federico Sturzenegger
Part IV. Negotiating the FTAA Agreement: Traditional and New Issues
8. Prospects and Challenges for the Liberalization of Agricultural Trade in the Western Hemisphere	259	(38)
Mario Berrios, Jaime Granados, Marcos S. lank, Josefina Monteagudo, and Masakazu Watanuki
9. Regionalism and Trade in Services in the Western Hemisphere: A Policy Agenda	297	(48)
Aaditya Mattoo and Pierre Sauvé
10. Tackling International Anticompetitive Practices in the Americas: Implications for the Free Trade Area of the Americas	345	(52)
Julian L. Clarke and Simon J. Evenett
Part V. The Political Economy of the FTAA
11. The United States and a Free Trade Area of the Americas: A Political-Economic Analysis	397	(20)
I.M. (Mac) Destler
12. The Political Economy of Economic Integration in the Americas: Latin American Interests	417	(32)
Marcelo de Paiva Abreu
Part VI. Assessing the Economics of the FTAA
13. Do Preferential Trade Agreements Matter for Trade? The FTAA and the Pattern of Trade	449	(36)
Antoni Estevadeordal and Raymond Robertson
14. A Virtuous Circle? Regional Tariff Liberalization and Scale Economies in Transport	485	(20)
David Hummels and Alexandre Skiba
15. What Has Happened to Wages in Mexico since NAFTA? Implications for Hemispheric Free Trade	505	(34)
Gordon H. Hanson
16. Can an FTAA Suspend the Law of Gravity and Give the Americas Higher Growth and Better Income Distributions?	539	(34)
Bernardo S. Blum and Edward E. Leamer
17. Regional Integration and Productivity: The Experiences of Brazil and Mexico	573	(38)
Ernesto López-Córdova and Mauricio Mesquita Moreira
18. The FTAA and the Location of Foreign Direct Investment	611	(30)
Eduardo Levy Yeyati, Ernesto Stein, and Christian Daude
Part VII. FTAA and Beyond
19. Labor Standards and the FTAA	641	(32)
Kimberly Ann Elliot
20. The Environmental Dimension of Economic Integration: The FTAA and Beyond	673	(22)
Daniel C. Esty
21. Social Protection and Inclusive Trade: Strengthening the Sources of Convergence within FTAA	695	(28)
Luis Felipe López-Calva and Nora Lustig
22. Asymmetries and Cooperation in the FTAA	723	(32)
Inés Bustillo and José Antonio Ocampo
23. The FTAA's Impact on Democratic Governance	755	(36)
Mark Barenberg and Peter Evans
Index	791