edited by Antoni Estevadeordal, Dani Rodrik, Alan M. Taylor and Andrés Velasco
Harvard University Press, 2004 Paper: 978-0-674-01484-8 Library of Congress Classification HC94.I576 2004 Dewey Decimal Classification 382.917
ABOUT THIS BOOK | REVIEWS | TOC
ABOUT THIS BOOK
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?
REVIEWS
Latin America is at a crossroads. Growth has slowed, and prospects are not very encouraging. Fortunately, there are several promising directions that the region can take. A prominent one is the FTAA. Thus, this book comes out precisely when it is needed. I have no doubt that this book will occupy a pivotal place in the discussion of the FTAA, and will become a key reference in the literature about regional integration.
-- Guillermo A. Calve, Chief Economist, Inter-American Development Bank and University of Maryland
Free trade areas enable countries to pursue more open trade, but raise controversial economic and political issues. This volume offers state-of-the-art analysis of issues raised by a Free Trade Area of the Americas, including its impact on agriculture, services, monetary arrangements, trade patterns, wages and labor standards growth, and democratic governance, both for those countries within the agreement and those left out. An invaluable reference on the FTAA, it will also define research issues for similar free trade agreements elsewhere.
-- Robert Feenstra, University of California, Davis
As we approach the more serious talks and negotiations towards a FTAA, this timely book fills a much needed gap. With broad coverage which includes historical, theoretical, and empirical research, Integrating the Americas sheds light on what undoubtedly will be a process which will play a key role in shaping the future of Latin America.
-- Arminio Fraga, Former Governor of the Central Bank of Brazil
TABLE OF CONTENTS
Contents
List of Illustrations
Preface
Acknowledgments
List of Abbreviations
I. Introduction
1. FTAA and Beyond: Prospects for Integration in the Americas
Antoni Estevadeordal, Dani Rodrik, Alan M. Taylor, and Andrés Velasco
II. The FTAA: Historical and Global Perspectives
2. The Roots of Latin American Protectionism: Looking Before the Great Depression
John H. Coatsworth and Jeffrey G. Williamson
3. Economic Integration in the Americas: European Perspectives
Anthony J. Venables and L. Alan Winters
4. The Proliferation of Sovereigns: Are there Lessons for Integration?
Matias Braun, Ricardo Hausmann, and Lant Pritchett
5. The Old and New Regionalism: Benefits, Costs, and Implications for an FTAA
Robert Devlin and Paolo Giordano
III. Macroeconomics of the FTAA
6. The Monetary Consequences of an FTAA
Barry Eichengreen and Alan M. Taylor
7. Macroeconomic Coordination and Monetary Unions in an N-Country World: Do all Roads Leads to Rome?
Andrew Powell and Federico Sturzenegger
IV. Negotiating the FTAA Agreement: Traditional vs. New Issues
8. Prospects and Challenges for the Liberalization of Agricultural Trade in the Western Hemisphere
Mario Berrios, Jaime Granados, Marcos S. Jank, Josefina Monteagudo, and Mazakazu Watanuki
9. Regionalism and Trade in Services in the Western Hemisphere: A Policy Agenda
Aaditya Mattoo and Pierre Sauvé
10. Tackling International Anticompetitive Practices in the Americas: Implications for the FTAA
Julian L. Clarke and Simon J. Evenett
V. The Political Economy of the FTAA
11. The United States and the FTAA: A Political Economy Analysis
I. M. Destler
12. The Political Economy of Economic Integration in the Americas: Latin American Interests
Marcelo de Paiva Abreu
VI. Assessing the Economics of the FTAA
13. Do Preferential Trade Agreements Matter for Trade? The FTAA and the Pattern of Trade
Antoni Estevadeordal and Raymond Robertson
14. A Virtuous Circle? Regional Tariff Liberalization and Scale Economies in Transport
David Hummels and Alexandre Skiba
15. What Has Happened to Wages in Mexico since NAFTA? Implications for Hemispheric Free Trade
Gordon H. Hanson
16. Can an FTAA Suspend the Law of Gravity and Give the Americas Higher Growth and Better Income Distributions?
Bernardo S. Blum and Edward Leamer
17. Regional Integration and Manufacturing Productivity: Lessons for the FTAA
Ernesto López Córdova and Mauricio Mesquita Moreira
18. The FTAA and the Location of Foreign Direct Investment
Eduardo Levy Yeyati, Ernesto Stein, and Christian Daude
VII. FTAA and Beyond
19. Labor Standards and the FTAA
Kimberly Ann Elliot
20. The Environmental Dimensions of Economic Integration
Daniel C. Esty
21. Social Protection and Inclusive Trade: Strengthening the Sources of Convergence within FTAA
Luis Felipe López-Calva and Nora Lustig
22. Asymmetries and Cooperation in the FTAA
Inés Bustillo and José Antonio Ocampo
23. The FTAA's Impact on Democratic Governance
Mark Barenberg and Peter Evans
About the Contributors
Library of Congress Subject Headings for this publication: America Economic integration, Free trade America, Commercial treaties America
edited by Antoni Estevadeordal, Dani Rodrik, Alan M. Taylor and Andrés Velasco
Harvard University Press, 2004 Paper: 978-0-674-01484-8
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?
REVIEWS
Latin America is at a crossroads. Growth has slowed, and prospects are not very encouraging. Fortunately, there are several promising directions that the region can take. A prominent one is the FTAA. Thus, this book comes out precisely when it is needed. I have no doubt that this book will occupy a pivotal place in the discussion of the FTAA, and will become a key reference in the literature about regional integration.
-- Guillermo A. Calve, Chief Economist, Inter-American Development Bank and University of Maryland
Free trade areas enable countries to pursue more open trade, but raise controversial economic and political issues. This volume offers state-of-the-art analysis of issues raised by a Free Trade Area of the Americas, including its impact on agriculture, services, monetary arrangements, trade patterns, wages and labor standards growth, and democratic governance, both for those countries within the agreement and those left out. An invaluable reference on the FTAA, it will also define research issues for similar free trade agreements elsewhere.
-- Robert Feenstra, University of California, Davis
As we approach the more serious talks and negotiations towards a FTAA, this timely book fills a much needed gap. With broad coverage which includes historical, theoretical, and empirical research, Integrating the Americas sheds light on what undoubtedly will be a process which will play a key role in shaping the future of Latin America.
-- Arminio Fraga, Former Governor of the Central Bank of Brazil
TABLE OF CONTENTS
Contents
List of Illustrations
Preface
Acknowledgments
List of Abbreviations
I. Introduction
1. FTAA and Beyond: Prospects for Integration in the Americas
Antoni Estevadeordal, Dani Rodrik, Alan M. Taylor, and Andrés Velasco
II. The FTAA: Historical and Global Perspectives
2. The Roots of Latin American Protectionism: Looking Before the Great Depression
John H. Coatsworth and Jeffrey G. Williamson
3. Economic Integration in the Americas: European Perspectives
Anthony J. Venables and L. Alan Winters
4. The Proliferation of Sovereigns: Are there Lessons for Integration?
Matias Braun, Ricardo Hausmann, and Lant Pritchett
5. The Old and New Regionalism: Benefits, Costs, and Implications for an FTAA
Robert Devlin and Paolo Giordano
III. Macroeconomics of the FTAA
6. The Monetary Consequences of an FTAA
Barry Eichengreen and Alan M. Taylor
7. Macroeconomic Coordination and Monetary Unions in an N-Country World: Do all Roads Leads to Rome?
Andrew Powell and Federico Sturzenegger
IV. Negotiating the FTAA Agreement: Traditional vs. New Issues
8. Prospects and Challenges for the Liberalization of Agricultural Trade in the Western Hemisphere
Mario Berrios, Jaime Granados, Marcos S. Jank, Josefina Monteagudo, and Mazakazu Watanuki
9. Regionalism and Trade in Services in the Western Hemisphere: A Policy Agenda
Aaditya Mattoo and Pierre Sauvé
10. Tackling International Anticompetitive Practices in the Americas: Implications for the FTAA
Julian L. Clarke and Simon J. Evenett
V. The Political Economy of the FTAA
11. The United States and the FTAA: A Political Economy Analysis
I. M. Destler
12. The Political Economy of Economic Integration in the Americas: Latin American Interests
Marcelo de Paiva Abreu
VI. Assessing the Economics of the FTAA
13. Do Preferential Trade Agreements Matter for Trade? The FTAA and the Pattern of Trade
Antoni Estevadeordal and Raymond Robertson
14. A Virtuous Circle? Regional Tariff Liberalization and Scale Economies in Transport
David Hummels and Alexandre Skiba
15. What Has Happened to Wages in Mexico since NAFTA? Implications for Hemispheric Free Trade
Gordon H. Hanson
16. Can an FTAA Suspend the Law of Gravity and Give the Americas Higher Growth and Better Income Distributions?
Bernardo S. Blum and Edward Leamer
17. Regional Integration and Manufacturing Productivity: Lessons for the FTAA
Ernesto López Córdova and Mauricio Mesquita Moreira
18. The FTAA and the Location of Foreign Direct Investment
Eduardo Levy Yeyati, Ernesto Stein, and Christian Daude
VII. FTAA and Beyond
19. Labor Standards and the FTAA
Kimberly Ann Elliot
20. The Environmental Dimensions of Economic Integration
Daniel C. Esty
21. Social Protection and Inclusive Trade: Strengthening the Sources of Convergence within FTAA
Luis Felipe López-Calva and Nora Lustig
22. Asymmetries and Cooperation in the FTAA
Inés Bustillo and José Antonio Ocampo
23. The FTAA's Impact on Democratic Governance
Mark Barenberg and Peter Evans
About the Contributors
Library of Congress Subject Headings for this publication: America Economic integration, Free trade America, Commercial treaties America
