21. The Politics of Free Trade in the Western Hemisphere
- Author:
- Manuel Pastor and Carol Wise
- Publication Date:
- 08-1996
- Content Type:
- Working Paper
- Institution:
- The North-South Center, University of Miami
- Abstract:
- Just as the 1980s now stand out as the decade of the debt crisis in Latin America, the 1990s have become the free trade decade. After a number of failed attempts at trade liberalization during the 1970s, many states in the region now have made dramatic progress in their efforts to reduce tariffs and eliminate quantitative restrictions (QRs) (see Table 1). The strongest evidence of this new openness is reflected in Mexico's 1994 entry into the North American Free Trade Agreement (NAFTA) with the United States and Canada, the stated intention at the 1994 Summit of the Americas in Miami to develop a plan for the full expansion of hemispheric free trade, and the ongoing consolidation of such subregional trade pacts as South America's Southern Cone Common Market (MER - COSUR), including Argentina, Brazil, Paraguay, and Uruguay.
- Topic:
- Development, Government, Industrial Policy, and International Trade and Finance
- Political Geography:
- United States, Canada, Brazil, South America, Uruguay, Caribbean, North America, and Paraguay