Free Trade: Risks and Rewards

Free Trade: Risks and Rewards

by Ian MacDonald, Desmond Morton
     
 

ISBN-10: 0773521151

ISBN-13: 9780773521155

Pub. Date: 08/28/2000

Publisher: Mcgill-Queens University Press


Free Trade provides a historical framework for ongoing discussion of economic and environmental issues. While there is empirical evidence on trade flows - they increased dramatically in both directions - the debate on related issues continues. The impact of free trade on jobs and manufacturing productivity, the effectiveness of dispute settlement, the growth of…  See more details below

Overview


Free Trade provides a historical framework for ongoing discussion of economic and environmental issues. While there is empirical evidence on trade flows - they increased dramatically in both directions - the debate on related issues continues. The impact of free trade on jobs and manufacturing productivity, the effectiveness of dispute settlement, the growth of foreign direct investment, the absence of adjustment programs, and the consequences for social programs are all issues for spirited discussion. Many of the leading actors in shaping both the FTA and NAFTA participated in the conference, including former Prime Minister Brian Mulroney, former President George Bush, former U.S. Treasury Secretary and Secretary of State James Baker, former Canadian Trade Ministers John Crosbie and Michael Wilson, former U.S. Trade Ambassadors Clayton Yeutter and Carla Hills, as well as former Mexican Trade Minister Jaime Serra Puche. Other senior officials included Canada's Derek Burney and Simon Reisman. Donald S. Macdonald, chairman of the landmark Royal Commission that recommended the "leap of faith" of free trade, gave the keynote address. A Royal Bank of Canada impact study, "Two Cheers for the FTA," provided a baseline for discussion by a panel of eminent economists from all three NAFTA countries, and strong defences of positions against free trade included presentations by Andrew Jackson of the Canadian Labour Congress (CLC), Jim Stanford of the Canadian Auto Workers (CAW), and Gerald Larose of Quebec's Conseil des syndicats nationaux (CSN). Participants from the provinces included former Ontario Premier Bob Rae, while NAFTA and the environment were considered by a panel led by former Quebec Premier Pierre Marc Johnson and joined by Quebec Liberal Leader Jean Charest. Other participants included Jean Anderson, Laurent Beaudoin, Fernando Clavijo, Thomas d'Aquino, William Dymond, Francis Fox, Jonathan Fried, Michael Hart, Stanley Hartt, Richard Lipsey, Victor Lichtinger, John McCallum, Peter McPherson, Jacques Ménard, William Merkin, Simon Potter, Charles E. Roh, David Schorr, Charles Sirois, Guy Stanley, Yvonne Stinson, Peter Watson, William Watson, L.R. Wilson, and Paul Wonnacott. Free Trade: Risks and Rewards is an important reminder of why the issue was so passionately debated at the time and why it remains important.

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Product Details

ISBN-13:
9780773521155
Publisher:
Mcgill-Queens University Press
Publication date:
08/28/2000
Edition description:
New Edition
Pages:
312
Product dimensions:
6.08(w) x 8.96(h) x 0.86(d)

Table of Contents

Preface
Introduction: An Historic Surprise
The Road to Free Trade3
Interviews with Brian Mulroney and John Turner35
Leap of Faith48
A Signal Moment55
Where There's the Will ...61
The Negotiation and Approval of the FTA73
The Canada-U.S. FTA: Real Results versus Unreal Expectations99
From Leaps of Faith to Lapses of Logic107
Free Trade in North America: Some Observations118
NAFTA and the Manufacturing Industry in Mexico: A Preliminary Balance122
Sectoral Results and Opportunities: An Introduction135
A Matter of National Interest137
A New Mindset139
A Sea Change142
A New Frontier of Trade Policy144
The Case of the Softwood Lumber Industry147
A Reality Check151
Globalization and the Social Dimension159
Economic Arguments versus Ideological Ones166
FTA and NAFTA Dispute Settlement in Canadian Trade Policy171
Dispute Settlement: A Practitioner's Perspective175
Mexico and Dispute Settlement182
From Canada to Mexico: "A Common Future"191
The Most Comprehensive Agreement Ever197
NAFTA and the Mexican Economy200
Free Trade: Then and Now207
Five Windows for the Future of NAFTA's Environment Commission213
NAFTA and the Environment: Five Years After222
NAFTA and the Environment: A Review of the Basic Issues226
Challenges for the Environment and NAFTA237
New Policies for a New Century243
The Future Work of the FTA, NAFTA and the WTO247
The New Economic Environment253
App. ATwo Cheers for the FTA: Ten-Year Review of the Canada-U.S. Free Trade Agreement259
App. BTen-Year Figures for Canada-U.S.A. and Canada-Mexico Trade275

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