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Books > Business & Economics > Economics > International economics > International trade
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The North American Idea - A Vision of a Continental Future (Hardcover)
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The North American Idea - A Vision of a Continental Future (Hardcover)
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In its first seven years, the North American Free Trade Agreement
(NAFTA) tripled trade and quintupled foreign investment among the
U.S., Mexico, and Canada, increasing its share of the world
economy. In 2001, however, North America peaked. Trade slowed among
the three, manufacturing jobs shrunk, and illegal migration and
drug-related violence soared. Europe caught up, and China leaped
ahead. In The North American Idea , eminent scholar and
policy-maker Robert A. Pastor explains that NAFTA's mandate was too
limited to address the new North American agenda. Instead of
offering bold initiatives like a customs union to expand trade, the
three leaders thought small. Interest groups stalemated the small
ideas as they inhibited the bolder proposals, and the governments
accomplished almost nothing. To overcome this resistance and
re-invigorate the continent, the leaders need to start with an idea
based on a principle of interdependence. If one country fails, all
three are harmed, and if one grows, they all benefit. Drawing on
first-hand experience as a policy-maker and analyst, Pastor shows
how this idea-once woven into the national consciousness of the
three countries-could mobilize public support for continental
solutions to problems that have confounded each nation working on
its own. To stimulate trade and reduce illegal migration, for
example, the three countries could set up a fund to invest in the
continent's infrastructure. Such a fund would be impossible without
leadership and an idea of the continent's current importance and
its future promise. Providing essential historical context and
challenging readers to view the continent in a new way, Robert
Pastor offers an expansive vision and a detailed blueprint for a
more integrated, dynamic, and equitable North America.
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