Western Hemisphere Economic IntegrationPeterson Institute, 1994 - 279 pages President Bush's Enterprise for the Americas Initiative (EAI) opens the door to negotiations to promote closer trade and economic relations among the countries in the Western Hemisphere, and ultimately to establish a hemispheric free trade zone. While the President took an important first step by defining broad objectives, a number of practical questions regarding the scope, content, and form of the negotiations remain to be addressed. This book examines the prospects for free trade in the Western Hemisphere and offers policy recommendations on how that objective could best be achieved. |
Contents
Overview | 1 |
Tables | 2 |
USLatin American Economic Relations | 15 |
1 | 28 |
5 | 34 |
7 | 40 |
Feasible and Desirable | 49 |
Latin American Reforms and Readiness Indicators | 69 |
Toward a WHFTA | 173 |
Trade Deficiency in Latin America | 185 |
A1 Actual and predicted tradetoGDP ratios and values 1990 | 186 |
Impact on Latin America and | 191 |
B1 Export and import performance 198090 | 193 |
B4 US imports from Latin America by commodity group annual | 206 |
2 | 211 |
B5 US jobs supported by US exports and dislocated by imports | 214 |
51 | 81 |
63 | 87 |
11 | 95 |
Subregional Integration and Readiness Assessment | 97 |
1 | 126 |
Hemispheric Negotiations | 131 |
The Hemisphere and the World | 159 |
Chronologies of Regional Agreements | 219 |
Trade and Investment Diversion | 251 |
D1 Projected merchandise trade diversion from South Asia East Asia | 253 |
D2 Investment diversion from third countries resulting from WHFTA | 259 |
| 263 | |
| 269 | |
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Common terms and phrases
Andean Group annual Argentina average barriers bilateral billion Bolivia Brazil CACM calculated Canada capital Caribbean Caricom Central American CEPAL Chile Colombia commodity group continuing-reform scenario Costa Rica December deficit developing Asia direct investment dollars economic integration Ecuador El Salvador exchange rate exports to Latin external debt Financial foreign investment free trade agreement Free Trade Area GATT GDP growth Guatemala Guyana Honduras Hufbauer and Schott imports from Latin industries inflation Initiative International Trade Reporter investment diversion ISBN paper Jamaica January Journal of Commerce labor Latin America Latin American countries Latin American Newsletters levels median weekly wage ment Mercosur Mexico monetary NAFTA negotiations NESOI Nicaragua North America pact Paraguay partners Peru political projected reforms Salvador score sectors signed stability strong-neighbor subregional tariff textiles and apparel tion trade and investment trade diversion trade taxes Trinidad and Tobago United Uruguay Venezuela Western Hemisphere WHFTA scenario