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This book examines two opposing interpretations of NAFTAs potential
expansion into a Western Hemisphere Free Trade Association
(WHFTA)one fearing the creation of a deliberately exclusionary
Fortress America, the other welcoming the prospect of substantial
economic opportunities for Asia and the countries of the Pacific
Rim. Contributors evaluate the commercial, financial, cultural, and
political linkages between the Americas and the Pacific Rim,
assessing the magnitude of interests that might be affected by
NAFTA or FTAA. }Authorities and experts in Japan and other Asian
countries have expressed considerable fear that the North American
Free Trade Agreement (NAFTA) and the proposed Free Trade Area of
the Americas (FTAA) will create a Fortress America that will
deliberately exclude nations of the Pacific Rim. Others argue that
economic integration will provide substantial opportunity for
Asia/Pacific countries and thus contribute to the dynamism of the
Pacific Century ahead. This book explores the varying
interpretations and looks at their implications for countries of
the Pacific Rim. Might NAFTA provoke the formation of an economic
bloc in the Asia/Pacific area? Or will economic liberalization
occur on a global and multilateral scale? What are the political
dimensions of these possible options and processes? Examining the
interconnections such policy alternatives may have for both the
Pacific Rim and Latin America, the contributors evaluate the
commercial, financial, cultural, and political linkages between the
regions to assess the magnitude of interests that might be affected
by NAFTA or FTAA. Assessing the range of policy options available
to countries involved, they seek to make an original contribution
to the debate about the formation and structure of the post Cold
War world order
This book examines two opposing interpretations of NAFTAs potential
expansion into a Western Hemisphere Free Trade Association
(WHFTA)one fearing the creation of a deliberately exclusionary
Fortress America, the other welcoming the prospect of substantial
economic opportunities for Asia and the countries of the Pacific
Rim. Contributors evaluate the commercial, financial, cultural, and
political linkages between the Americas and the Pacific Rim,
assessing the magnitude of interests that might be affected by
NAFTA or FTAA. }Authorities and experts in Japan and other Asian
countries have expressed considerable fear that the North American
Free Trade Agreement (NAFTA) and the proposed Free Trade Area of
the Americas (FTAA) will create a Fortress America that will
deliberately exclude nations of the Pacific Rim. Others argue that
economic integration will provide substantial opportunity for
Asia/Pacific countries and thus contribute to the dynamism of the
Pacific Century ahead. This book explores the varying
interpretations and looks at their implications for countries of
the Pacific Rim. Might NAFTA provoke the formation of an economic
bloc in the Asia/Pacific area? Or will economic liberalization
occur on a global and multilateral scale? What are the political
dimensions of these possible options and processes? Examining the
interconnections such policy alternatives may have for both the
Pacific Rim and Latin America, the contributors evaluate the
commercial, financial, cultural, and political linkages between the
regions to assess the magnitude of interests that might be affected
by NAFTA or FTAA. Assessing the range of policy options available
to countries involved, they seek to make an original contribution
to the debate about the formation and structure of the post Cold
War world order
This volume sheds new light on the much-neglected topic of current
and potential relations between East Asia and Latin America. The
contributors contend that close cooperation between peoples and
governments of these two areas is feasible and desirable and indeed
that it could have beneficial effects on the shaping of a new world
order in the face of globalization and in the wake of 9/11. In a
genuinely comparative set of essays, the book focuses on two broad
themes: economic and political connections between East Asia and
Latin America, and similarities and differences in developmental
paths and public policies. Part I explores economic linkages,
emphasizing trade, investment, and patterns of regional
integration. Part II compares economic development strategies,
reopening arguments about the substance and utility of the
so-called Asian model. Part III offers a systematic comparison of
currency crises and policy responses in Mexico, Thailand, Korea,
and Brazil. Part IV explores the changing roles of the major
powers, China, Japan, and the United States. A concluding chapter
presents practical suggestions and policy guidelines on ways to
strengthen ties between the two regions. By bringing together
original work by senior scholars and professional experts from both
regions, the book offers an authoritative, comprehensive, and
provocative set of perspectives. It will be essential reading for
specialists and advanced students in international relations,
international economics, foreign policy, economic development,
public policy, and East Asian and Latin American studies.
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