Lessons from NAFTA

It is likely that the treaty also helped achieve a modest reduction in poverty and an improvement in job quality. This book will be of interest to scholars and policymakers interested in international trade and development.

Author: Luis Serven

Publisher: World Bank Publications

ISBN: 9780821383742

Category: Political Science

Page: 428

View: 419

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Analyzing the experience of Mexico under the North American Free Trade Agreement (NAFTA), 'Lessons from NAFTA' aims to provide guidance to Latin American and Caribbean countries considering free trade agreements with the United States. The authors conclude that the treaty raised external trade and foreign investment inflows and had a modest effect on Mexico's average income per person. It is likely that the treaty also helped achieve a modest reduction in poverty and an improvement in job quality. This book will be of interest to scholars and policymakers interested in international trade and development.

Better Neighbors

This book proposes a renewal of 'Open Regionalism' in Latin America and the Caribbean (LAC) aimed at achieving the region's goals of high growth with stability.

Author: Chad P. Bown

Publisher: World Bank Publications

ISBN: 9781464809781

Category: Business & Economics

Page: 196

View: 532

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This book proposes a renewal of 'Open Regionalism' in Latin America and the Caribbean (LAC) aimed at achieving the region's goals of high growth with stability. The LAC region experienced a growth spurt with equity during the first decade of the 21st Century. It is well understood that an unsustainable demand boom fueled by terms-of-trade improvements drove this growth acceleration episode, especially in South America. Unfortunately, terms of trade are no longer fueling growth, and the region’s policymakers are in search of new sources of growth with stability. With the experience of East Asia and the Pacific in mind, many policymakers in LAC are looking to international economic ties as a potential source of stable growth. The challenge highlighted in this book lies in designing an integration agenda comprising trade and factor market integration that is conducive to region-wide efficiency gains, which can help LAC enhance its global competitiveness. The forces of geography imply that pro-growth global integration cannot be achieved without building a strong neighborhood. Thus, this volume argues that LAC's regional economic integration agenda needs to go well beyond the current spaghetti bowl of preferential trading arrangements.

Market Access for Sale

Kee, Olarreaga, and Silva assess the foreign lobbying forces behind the tariff preferences that the United States grants to Latin American and Caribbean countries.

Author: Hiau Looi Kee

Publisher:

ISBN: UCSD:31822033386673

Category: International trade

Page: 33

View: 861

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Kee, Olarreaga, and Silva assess the foreign lobbying forces behind the tariff preferences that the United States grants to Latin American and Caribbean countries. The authors extend the basic framework developed by Grossman and Helpman (1994) to explain the relationship between foreign lobbying and tariff preferences. Their results suggest that returns to Latin American and Caribbean exporters lobbying for tariff preferences in the United States are around 50 percent. The reason for these large returns is the relatively low estimated weight given to social welfare in the U.S. government's objective function when deciding whether or not to grant tariff preferences to Latin American and Caribbean exporters. This paper--a product of Trade, Development Research Group--is part of a larger effort in the group to study the issues related to trade and growth.