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6951. Preferential Treatment in Trade: Is There Any Room Left in the Americas?

Author:
Fernando Masi
Publication Date:
08-2001
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
This paper evaluates the costs and benefits of changes brought by the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) on special and differential treatment (S); shows how these changes affected the new regional integration processes in the American continent; and examines whether this issue is still a priority of developing countries' agendas. Large concessions offered by developing countries in exchange for access to markets automatically led to “trade graduation.” Thus, S has lost its former significance among developing countries. Moreover, nonreciprocal treatment was retained for least developed countries, which do not even enjoy this type of treatment under the so-called “new trade-related issues” of services, investment, and intellectual property rights.
Topic:
Economics, International Trade and Finance, and Political Economy
Political Geography:
United States, America, South America, Latin America, Central America, Caribbean, and North America

6952. Geography, Markets, Resources, and Development: The Assets of the Americas Revisited

Author:
L. Ronald Scheman
Publication Date:
07-2001
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
In May 1996, the price of copper crashed from US$2,600 to $1,775 per ton. The Sumitomo Corporation of Japan acknowledged unprecedented losses of $2.6 billion from unauthorized trading by its chief copper trader, one of the faceless manipulators of the international commodities markets, Yasuo Hamanaka. Among the major banks caught in this modern variation of the Ponzi scheme were J.P. Morgan and the London Metal Exchange. Chile, whose economy was highly dependent on income from the commodity, was quickly and painfully reminded that the highly leveraged markets on which it depended, even in the hands of the most reputable institutions, are fragile and subject to unexpected forces beyond its control. Copper prices began a downward spiral, and they have not yet recovered.
Topic:
Development, Environment, and International Trade and Finance
Political Geography:
United States, America, and Caribbean

6953. Immigration and Integration in the Americas

Author:
Max J. Castro
Publication Date:
05-2001
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
Shortly after he was elected president of Mexico in 2000, Vicente Fox made the United States and Canada a bold proposal: Why not begin a long-range process that would lead to expanding the North American Free Trade Agreement (NAFTA) into a full-fledged North American Common Market, featuring open borders for the free movement of people as well as goods? And, in the short run, would the United States agree to a significant increase in legal immigration in exchange for Mexico's pledge to crack down on undocumented immigration?.
Topic:
Human Rights and Migration
Political Geography:
United States, America, Canada, and North America

6954. Free Trade and Worker Displacement: The Trade Adjustment Assistance Act and the Case of NAFTA

Author:
Jerry Haar and Antonio Garrastazu
Publication Date:
02-2001
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
Trade liberalization, a fundamental feature of U.S. economic policy since the end of the Second World War, has increasingly become a contentious domestic political issue during the last decade. Proponents and opponents of free trade transcend political party affiliation, industry, occupation, geographical locale, income level, age, and other socioeconomic and demographic factors. In addition, the U.S. public and its leaders for the most part hold qualified, mixed, or inconsistent opinions about trade liberalization and the larger and rapidly increasing phenomenon known as globalization. In a February 9-14, 2000, nationwide poll conducted by Princeton Survey Research Associates, a majority of respondents (64 percent compared to 27 percent) stated that free trade with other countries is good for the United States. On the other hand, an NBC News/ W all Street Journal poll several months later asked interviewees to respond to the following statement: “Foreign trade has been bad for the U.S. economy because cheap imports from abroad have hurt wages and cost jobs here at home.” Forty-eight percent of the respondents answered that it has been “bad” and 34 percent “good.”
Topic:
Industrial Policy and International Trade and Finance
Political Geography:
United States and Latin America

6955. Prospects 2002 — Euro-Area Economy

Publication Date:
11-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This week's piece focuses on the economic prospects for the euro-area in 2002. The euro-area economy has shown increasing signs of cyclical weakness since the beginning of 2001. These signs, compounded by the effects of accelerated decline in the United States since the September 11 terrorist attacks, indicate continuing stagnation into 2002 and growing difficulties for states to maintain their fiscal positions. SGP requirements are reducing the fiscal room for manoeuvre of euro-area states to respond to the current economic downturn. The absence of concerted intervention represents a considerable risk, particularly if global demand fails to pick up in 2002.
Topic:
Security, Defense Policy, and Terrorism
Political Geography:
United States and Middle East

6956. Middle East — Bin Laden Prognosis

Publication Date:
11-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This week's piece examines the prospects for the al-Qaida group and Osama bin Laden's wider terrorist network following the fall of the Taliban and the loss of many of its facilities in Afghanistan. Key elements of bin Laden's network have been seriously damaged. Some operational cells are likely to survive but most are likely to remain inactive for the foreseeable future in order to avoid detection. Al-Qaida is likely to remain active but less effective than hitherto. As long as the reasons for bin Laden's appeal to certain Islamist constituencies remains, new cells and entirely new groups will be formed within migrant communities and among those engaged in regional conflicts around the world.
Topic:
Security, Defense Policy, and Terrorism
Political Geography:
United States and Middle East

6957. International — IMF Crisis Decisions

Publication Date:
11-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The IMF's major shareholders have shown little willingness to provide new funds to Argentina. In deferring further assistance, the United States and other G7 shareholders have set limits on the international financial community's role in resolving a major emerging market financial crisis. The slowing global economy could provide an early test of these limits as it exposes weaknesses in other emerging markets — particularly those with larger geopolitical profiles than Argentina. Argentina's predicament highlights the Fund's paradox in wanting, on the one hand, to facilitate orderly resolution of crises (and prevent calamitous social impacts) and, on the other hand, to encourage markets to appropriately price risk by proving that non-optimal outcomes are possible. The risk of such outcomes is the basis upon which investors demand higher premiums from emerging market borrowers.
Topic:
International Organization, International Political Economy, and International Trade and Finance
Political Geography:
United States and Argentina

6958. United STates — Anti-Terrorism Foreign Aid

Publication Date:
10-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This piece focuses on The changing nature of US foreign assistance priorities in the aftermath of the September 11 terrorist attacks. There will be broad support for a rapid expansion of foreign aid designed to counter the terrorism threat and to support key coalition partners. Whether that support is sustainable in the future depends, at least in part, on the programme's success in enhancing US 'homeland security'. If the anti-terrorism foreign aid programme is shown to serve US interests, help erode poverty, promote democracy and stabilise the political positions of coalition partners, public opinion may in future support more robust programmes. However, if a large portion of assistance is mismanaged or abused, and/or accountability and impact are marginal, enthusiasm for foreign aid is likely to be undermined still further.
Topic:
International Relations, Security, and Terrorism
Political Geography:
United States

6959. Afghanistan — War Aims

Publication Date:
10-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
This piece focuses on the obstacles facing the US-led military campaign in Afghanistan. In order to defend the United States and its allies against further terrorist attacks, the US-led military campaign in Afghanistan seeks to destroy Osama bin Laden's al-Qaida organisation and topple the Taliban regime which hosts it. However, significant obstacles stand in the way of victory. Washington appears to have embarked upon a long-term simultaneous military, political, diplomatic and economic strategy to achieve its objectives in Afghanistan. However, given the absence of any credible pan-Afghan leaders and the deleterious effects of more than two decades of internecine warfare, this approach carries high risks. They include even greater political fragmentation of the country, continued war and possible regional destabilisation.
Topic:
Defense Policy
Political Geography:
Afghanistan, United States, and Middle East

6960. International — Unusual Securities Trades

Publication Date:
10-2001
Content Type:
Policy Brief
Institution:
Oxford Analytica
Abstract:
The Organisation of Petroleum Exporting Countries (OPEC) met on Wednesday, September 26, in Vienna. The uncertainties associated with the international oil market have been greatly compounded by the September 11 terrorist attacks on the United States.
Topic:
Security
Political Geography:
United States, Europe, and Middle East