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Toward a North American Community: Lessons from the Old World for the New / Edition 1
     

Toward a North American Community: Lessons from the Old World for the New / Edition 1

by Robert A. Pastor
 

ISBN-10: 0881323284

ISBN-13: 9780881323283

Pub. Date: 08/15/2001

Publisher: Peterson Institute for International Economics

The Mexican peso crisis struck in late December 1994, coinciding with a new Mexican administration and the end of the first year of the North American Free Trade Agreement (NAFTA). The crisis poignantly highlighted the success and the inadequacy of the treaty—success in the expansion of trade and capital flows, and inadequacy in institutional capacity. The

Overview

The Mexican peso crisis struck in late December 1994, coinciding with a new Mexican administration and the end of the first year of the North American Free Trade Agreement (NAFTA). The crisis poignantly highlighted the success and the inadequacy of the treaty—success in the expansion of trade and capital flows, and inadequacy in institutional capacity. The Canadian, Mexican, and US governments defined the agreement so narrowly that they failed to devise a mechanism that could monitor, anticipate, plan, or even respond to such a serious problem. The president of Mexico, Vicente Fox, has boldly proposed transforming the free trade area into a common market like Europe's.

In this visionary study, Robert A. Pastor seizes Fox's idea and maps out the paths toward making it a reality. He analyzes NAFTA's successes and shortcomings, extracts lessons from the European Union's 40 years of reducing disparities between rich and poor countries, and proposes ways that NAFTA can adapt and incorporate those lessons. The centerpiece of the book is a detailed proposal for new institutions and "North American plans" for infrastructure and transportation, immigration and customs, and projects aimed at lifting the poorer regions. This book is the first to propose a detailed approach to a North American Community—different from the European Common Market but drawing lessons from its experience. It will be of considerable interest to policymakers as well as researchers and students of international political economy, world trade, and foreign affairs.

Product Details

ISBN-13:
9780881323283
Publisher:
Peterson Institute for International Economics
Publication date:
08/15/2001
Edition description:
New Edition
Pages:
224
Product dimensions:
6.00(w) x 8.90(h) x 0.40(d)
Age Range:
18 Years

Table of Contents

Prefaceix
Point of Departure and Acknowledgmentsxi
1 Redesigning NAFTA for the 21st Century1
The Crisis of 1994 and NAFTA's Flaw3
Lessons from the Old World8
Organization of the Book14
Should NAFTA Be Deepened? Is This the Moment?16
2 One World or Three?19
From Global Rules to Regional Trade23
Reconfiguring the World; Three Regional Models25
The European Union and NAFTA: A More Focused Comparison33
The Regional Advantage38
3 The European Union and Its "Cohesion" Policies:
An Evaluation41
Europe's Designs42
From Goals to Programs43
Evaluating EU Regional Policy50
Lessons from EU Experience59
4 North America's Journey63
Distances within North America63
NAFTA: Description and Evaluation66
Institutions and Flank Issues73
What's Left? What's Wrong?80
5 A North American Community: A Proposal to Deepen NAFTA95
In the Beginning: Revising the North American Preamble96
North American Institutions99
A North American Plan for Infrastructure and
Transportation104
Trade Policy-Within and Without108
Macroeconomic Policy Coordination and the
"Amero"111
6 A North American Community: Sectoral Plans119
Customs, Enforcement, and Immigration: The Border and the
Perimeter120
An Uncommon Immigration Policy122
A North American Energy Plan133
A North American Development Fund135
A North American Education Plan140
Greater Than the Sum of Its Parts: A Strategic Package143
7 Is a North American Community Feasible? Can Sovereignty Be
Transcended?147
Why Trilateralism Is Contrary to Habit but Essential149
Reorganizing the Governments150
Alternative Approaches to Sovereignty152
Fertile Soil for a North American Identity154
Subterranean Anxieties164
The Nature of the Community: Three Options166
8 From a North American to an American Community: The 21st
Century Challenge of Integration171
The Trend toward Integration172
The Road to the Free Trade Area of the Americas175
Widen or Deepen?177
The Western Hemisphere and the WTO182
The Strategic Challenge of the 21st Century185
NAFTA's Premise and Promise186

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