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The 1990s and the early years of the 21st century have witnessed the emergence and proliferation of regional and bilateral trade agreements (RBTAs) between developed and developing countries in the Americas. These agreements typically liberalize trade in most goods and services, and they also coordinate measures on a broad range of economic policy areas beyond trade. The first and most prominent of these agreements is the North American Free Trade Agreement (NAFTA), which the USA, Canada and Mexico signed in the early 1990s. In subsequent years, the USA has concluded agreements with a number of countries in Latin America and the Caribbean. The contributors to this book evaluate the economics and politics of this new pattern of North-South integration in the Americas. The book begins by considering the developmental implications of this new pattern of integration. Such agreements provide Latin American and Caribbean countries with significantly improved access to the US market, yet purchasing such preferential access via negotiation of RBTAs agreements with the US obliges countries to adopt US-style practices in areas such as the management of inward foreign investment and intellectual property. The first half of the volume addresses these issues, focusing on the challenges derived from new patterns of foreign investment, the rise of China as an exporting power, the emergence of a new regime for investment protection, and the multiplicity of intrusive forms of economic governance embodied in regional and global trade regimes. The second half of the book focuses on both the proliferation of RBTAs, and, critically, the limits to the spread of such agreements. The authors considerthe interests in integration and strategies for negotiating RBTAs from the perspective of a variety of actors, deploying a range of analytic approaches. The chapters assess the capacities of the US to fulfil ambitions for integration, the strategy of Canada to both maintain close relations with the US and counterbalance its neighbor's preponderant influence throughout the region, the response of smaller countries in Central America and the Caribbean, reactions toward integration of the larger South American countries in Mercosur, and the broader question of how developing countries form coalitions and design collective bargaining strategies to participate in international trade politics.
Few developing countries have succeeded in simultaneously providing
good jobs and access to social services for all. Large informal
sectors and segmented social policies that provide benefits to only
a small minority are among the problems that have hampered
developing countries' ability to secure the double incorporation to
the market and to social services. This book reviews Costa Rica's
experience as one of the few successful exceptions. The authors
concentrate on the essential role of the state in expanding public
employment, promoting small firms and cooperatives and creating
generous and universal social services. In explaining why the state
implemented these policies, the authors go beyond dominant
democraticcentred explanations and highlight the emergence of a new
elite of small and medium producers, and the role of international
ideas. The book also recognizes Costa Rica's struggles
Few issues in development raise as much heat as the impact of transnational corporations (TNCs) on the South. However, the exact nature of the relationship between foreign direct investment and development remains unclear both conceptually and empirically. The contributors to this edited volume offer a wide-reaching exploration of these links through a series of case studies from Africa, Asia, Latin America and Central Europe. The book also focuses on the role of 'new players' such as Chinese, Indian and South African TNCs.
Benefiting from a truly Pan-American perspective, these essays evaluate the economics and politics of the new patterns of North-South integration in the particular context of the Americas, questioning if regional and bilateral trade agreements like NAFTA, CAFTA or the FTAA are appropriate mechanisms to promote economic development.
Few countries have achieved social development, which requires simultaneously securing market and social incorporation (good jobs and access to social services). This book reviews Costa Rica's experience as one of the few successful cases of double incorporation in the periphery.
This volume offers a wide-reaching exploration of foreign direct investment and developmental impacts through case studies from Africa, Asia, Latin America and Central Europe, also examining the role of 'new players' such as Chinese, Indian and South African TNCs.
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