eBook

Lessons from NAFTA : for Latin America and the Caribbean

Maloney, William F., Lederman, Daniel, Serven, Luis

2005,2004,2011

Overview

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. \"The best quantitative evaluation of NAFTA¯where it paid off, where it didn’t, and where we don't know. Indispensable for every Latin American and Caribbean country considering a free trade pact with the United States.\" —Gary Clyde Hufbauer, Reginald Jones Senior Fellow Institute for International Economics \"Lessons from NAFTA is a well-articulated and insightful book that covers many of the relevant areas related to the Agreement. In a hemisphere plenty of trade negotiations among Latin American countries and United States, this report written by leading trade and development researchers will be a crucial reference to analyze the impact of these agreements. As the authors mention, to grasp the new opportunities requires countries to be aware that 'improving macroeconomic performance and institutions and putting in place an education and innovation system' are areas that cannot be solved through FTAs. The onus remains on domestic policy.\" —Jose Luis Machinea, Executive Secretary of the United Nations' Economic Commission for Latin America and the Caribbean, former Finance Minister of Argentina.

• Publisher: World Bank,Stanford University Press,World Bank Publications,The World Bank,Washington, DC: World Bank,Palo Alto, CA: Stanford University Press,Stanford Univ. [u.a.]
• Subject: ACCOUNTING / AGGREGATE VOLATILITY / AGRICULTURAL INCOME SUBSIDIES / AGRICULTURAL PRODUCTION / AGRICULTURAL PRODUCTS / AGRICULTURAL SUPPORT / AGRICULTURE / AIC / ANCHOR COUNTRY / ANTIDUMPING / APPAREL / APPAREL EXPORTS / APPAREL PREFERENCES / ASYMMETRIC SHOCKS / AUTONOMY / BANKING SYSTEM / BILATERAL TRADE / BLOC DUMMY COEFFICIENTS / BLOC IMPORTS / CAPITAL ACCOUNT / CAPITAL FLOWS / CAPITAL INFLOWS / Caribbean Area -- Commercial policy / CENTRAL AMERICA / Commercial policy / COMMON FISCAL RULES / COMPARATIVE ADVANTAGE / CONSOLIDATION / convergence / CONVERGENCE ANALYSIS / CORPORATE GOVERNANCE / COUNTERVAILING DUTY FILINGS / CURRENCY / CURRENCY UNION / DEFICITS / DEVALUATION / DISPUTE SETTLEMENT / DISPUTE SETTLEMENT FILINGS / DISPUTE SETTLEMENT MECHANISMS / DOMESTIC FIRMS / DOMESTIC INSTITUTIONS / DOMESTIC MARKET / DOMESTIC PRODUCTION / DOMESTIC REFORMS / DUTY-FREE ACCESS / ECONOMETRIC ANALYSIS / ECONOMIC CONVERGENCE / ECONOMIC INTEGRATION / ECONOMIC OUTCOMES / ECONOMIC PERFORMANCE / ECONOMICS / EMERGING MARKETS / EXPORTS / FACTOR MARKETS / FINANCIAL CRISIS / FINANCIAL INTEGRATION / FINANCIAL MARKETS / FINANCIAL SERVICES / FINANCIAL SYSTEM / FISCAL POLICY / FISCAL REFORM / FISCAL STABILIZERS / FLEXIBLE EXCHANGE RATE / FLEXIBLE EXCHANGE RATE REGIMES / FOREIGN COMPETITION / FOREIGN DIRECT INVESTMENT / FOREIGN INVESTMENT / FOREIGN INVESTORS / FREE ACCESS / FREE TRADE / Free trade -- Caribbean Area / Free trade -- Latin America / FREE TRADE AGREEMENT / FREE TRADE AGREEMENTS / FREE TRADE AREA / Freihandelsabkommen / GDP / GDP PER CAPITA / GLOBAL COMPETITIVENESS / GLOBAL EXPORTS / GRAVITY MODEL / GROSS DOMESTIC PRODUCT / GROWTH RATE / GROWTH RATES / GROWTH VOLATILITY / HUMAN CAPITAL / IDIOSYNCRATIC SHOCKS / IMPORT TARIFFS / INCOME / INCOME CONVERGENCE / INCOME GAPS / INCOME SUPPORT PROGRAMS / INCOME TRANSFERS / INDUSTRIAL PRODUCTION / INDUSTRIAL PRODUCTION GROWTH / INDUSTRIAL SECTOR / INFLATION / innovation / Integration and Trade / INTELLECTUAL PROPERTY / INTERNATIONAL TRADE / INVESTMENT CLIMATE / INVESTMENT FLOWS / Karibischer Raum / LABOR FORCE / LABOR MARKETS / LADF / Lateinamerika / Latin America / Latin America -- Commercial policy / LATIN AMERICAN / Latin American Development Forum / LEGAL STATUS / LOCAL CURRENCY / LOCATIONAL ADVANTAGES / MACROECONOMIC DYNAMICS / MACROECONOMIC FLUCTUATIONS / MACROECONOMIC INSTABILITY / MACROECONOMIC POLICIES / MACROECONOMIC POLICY / MACROECONOMIC POLICY COORDINATION / MACROECONOMIC POLICY DESIGN / MACROECONOMIC STABILITY / MACROECONOMIC SYNCHRONIZATION / MACROECONOMIC VOLATILITY / macroeconomics / MARKET ACCESS / MIGRATION / MINIMUM WAGES / MONETARY COORDINATION / MONETARY POLICY / MONETARY STABILITY / MONETARY UNIFICATION / MULTIPLIER EFFECTS / NAFTA / NATIONAL POLICIES / NEIGHBORING COUNTRIES / NET EXPORTS / NET INFLOWS / NON-RIA COUNTRIES / NONMEMBER COUNTRIES / North American Free Trade Agreement / North American Free Trade Agreement (1992 December 17) / OPENNESS / PARTNER COUNTRIES / PER CAPITA INCOME / POSITIVE EFFECTS / PRIVATE SECTOR / PRIVATIZATION / PROCESS OF CONVERGENCE / PRODUCTIVITY GROWTH / PRODUCTIVITY INCREASES / PROTECTION OF INTELLECTUAL PROPERTY RIGHTS / PUBLIC DEBATE / REAL EXCHANGE RATE / REAL EXCHANGE RATE VOLATILITY / REAL GDP / REAL INCOME / REGIONAL LEVEL / REGIONAL TRADE / REGIONAL TRADE INTEGRATION / RULES OF ORIGIN / SAFEGUARD DUTIES / SOCIAL SECURITY / SOUTH AMERICA / SUBSIDIARY / SUBSIDIARY RIGHTS / TARIFF PREFERENCES / TARIFF RATES / TARIFF STRUCTURE / TAX REFORM / TECHNICAL ASSISTANCE / TELECOMMUNICATIONS / TOTAL FACTOR PRODUCTIVITY / TRADE AGREEMENT / TRADE AGREEMENTS / TRADE BARRIERS / TRADE CREATION / TRADE DIVERSION / TRADE EXPANSION / TRADE FLOWS / TRADE IMPACT / TRADE INTERDEPENDENCE / TRADE LAWS / TRADE NEGOTIATIONS / TRADE REFORMS / UNEMPLOYMENT / UNILATERAL EFFORTS / UNILATERAL REFORMS / UNILATERAL TRADE / UNILATERAL TRADE LIBERALIZATION / UNILATERAL TRADE REFORMS / USMCA-Staaten / WAGE DIFFERENTIALS / WAGE DISTRIBUTION / WORLD TRADE
• ISBN: 9780821358139, 0821358138, 9780804752398, 0804752400, 9780804752404, 0804752397