Synopses & Reviews
With the signing of the North American Free Trade Agreement (NAFTA) and the U.S. proposal for the widening of NAFTA to include the whole of the Western Hemisphere, there is now a greater mutuality of interest between the U.S. and the rest of the hemisphere than at any time in the recent past. Mexico, Canada, and the United States continue to deepen and refine their understanding of the practical implications of NAFTA. Latin American and Caribbean countries--most now democracies--have altered their development philosophy, placing greater stress on the workings of the market and opening their own markets to import competition. North America and other hemispheric subregions are seeking greater economic integration behind lowered trade barriers. Under this new philosophy, what other countries of the hemisphere most want is assurance of access to the markets of each other and the United States. This common thinking is what makes the present a most propitious moment for hemispheric cooperation.
Review
Anyone trying to decipher the myriad claims about NAFTA would be well advised to read this book. Upper-division undergraduate through professional.Choice
Synopsis
This volume looks to the future to suggest the necessary widening and deeping of NAFTA to include the whole of the hemisphere.
Table of Contents
Foreword by Paul A. Volcker
Acknowledgments
Summary
Introduction
The Choices
Deepening versus Widening
Sovereignty
Analysis and Opinion
Global Trends
What Drives U.S. Regionalism?
Comparing Regional Groupings
Latin American and Caribbean Integration Arrangements
Economic Interaction in North America
U.S. Trade in North America
Investment Relations
The Maquiladora Industry
Migration
The Meaning of Deepening
Key Elements of Deepening
Nongovernmental Cooperation
The Cultural Dimension
Sovereignty
The Widening of NAFTA
The Integration Scene in the Americas
The Stakes in Hemispheric Free Trade
Getting There
Institutional Arrangements
Conclusion
Conclusion
Hope and Pessimism
Notes
Bibliography
Index