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Investing in Protection - The Politics of Preferential Trade Agreements between North and South (Hardcover)
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Investing in Protection - The Politics of Preferential Trade Agreements between North and South (Hardcover)
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Since the early 1990s the world has seen an explosion of
preferential trade agreements (PTAs) between North and South. Mark
Manger argues that current North-South PTAs are not primarily about
liberalizing exports as is usually assumed. Rather, they are driven
by the needs of foreign direct investment. The interests of
multinational firms in investing in developing countries converge
with the desires of the host countries to attract foreign capital.
Yet to be politically feasible in the developed country,
North-South PTAs must discriminate against third countries. PTAs
thus create a competitive dynamic between countries, as excluded
firms lobby their governments to restore access to important
investment locations, leading to yet more preferential agreements.
Based on extensive research in Europe, Japan, and the Americas and
interviews with decision-makers in governments and the private
sector, this book offers a new perspective on the roles of the
state and corporations in international trade.
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