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Prospects for Free Trade in the Americas - Jeffrey Schott

Prospects for Free Trade in the Americas

Paperback Published: 1st August 2001
ISBN: 9780881322750
Number Of Pages: 152
For Ages: 22+ years old

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Negotiations on a Free Trade Area of the Americas (FTAA) were officially launched at the Santiago Summit in April 1998. This study examines the prospects for the FTAA in light of recent economic and political turmoil in Latin America and the continuing impasse over US "fast track" authority. It surveys regional interests in the wide-ranging negotiating agenda and assesses the "readiness" of countries to participate in a hemisphere-wide free trade zone (based on updated "readiness indicators" originally developed by Hufbauer and Schott in their 1994 study, Western Hemisphere Economic Integration).

Prefacep. vii
Acknowledgmentsp. xi
The Road to Free Trade in the Americasp. 1
Latin America's Economic Revivalp. 4
FTAA: Learning from Experiencep. 9
FTAA: The Hard Road Aheadp. 13
Plan of the Bookp. 14
Readiness Indicators for Latin America and the Caribbeanp. 15
About the Readiness Indicatorsp. 17
Developments since the Miami Summitp. 20
Readiness by Regionp. 28
The FTAA: Objectives and National Interestsp. 83
FTAA Scope and Coveragep. 84
The FTAA and Economic Developmentp. 90
Regional Interests in the FTAAp. 92
Current Challenges and Prospectsp. 101
Current Challengesp. 102
FTAA Scenariosp. 107
The Quebec Summit and Beyondp. 110
Completing the FTAAp. 113
Tables
FTAA participants: Economic overviewp. 3
Latin America merchandise trade, 1990-99p. 7
Foreign direct investment inflows, 1990-99p. 8
2001 Readiness Indicatorsp. 22
1994 Readiness Indicatorsp. 24
Comparison of 2001 and 1994 rankings of Readiness Indicator scoresp. 26
Price stability: December-December variations in the consumer price indexp. 53
Budget discipline: Nonfinancial public sector surplus/deficitp. 55
Gross national savingsp. 57
External debtp. 59
Currency stability: Real effective exchange rate indexp. 61
Market-oriented policiesp. 63
Reliance on trade taxesp. 78
Policy sustainabilityp. 80
Latin American and the Caribbean: Trade shares, 1999p. 93
US merchandise exportsp. 95
US merchandise importsp. 95
Referencesp. 117
Indexp. 121
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780881322750
ISBN-10: 088132275X
Audience: Professional
For Ages: 22+ years old
Format: Paperback
Language: English
Number Of Pages: 152
Published: 1st August 2001
Publisher: The Peterson Institute for International Economics
Country of Publication: US
Dimensions (cm): 22.86 x 15.24  x 1.27
Weight (kg): 0.2