Trade Issues Regarding Chile And Other Latin American Countries In Light Of The Nafta Experience

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The world economy has witnessed a sudden increase in free trade agreements, generating a renewed debate on their economic impact. In Expanding NAFTA Carmen Zechner focuses on the economic effects on Chile of the potential free trade agreement with the United States. The author creates a framework for analyzing the impact of economic integration between a developed and a developing country from the developing country's perspective. This book goes beyond earlier analyses of the static gains from free trade to examine the dynamic and more intangible effects that are critical to the welfare evaluation of trade agreements. Expanding NAFTA is an important contribution to the research on preferential trade liberalization and to understanding developing countries' trade policy choices. This book will be indispensable to anyone interested in trade policy making and the Chilean economy.

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.

Hofman, a researcher with the Chile-based Economic Commission for Latin America and the Caribbean, uses growth accounting methods and previously unavailable long-term series data to assess the economic performance of the region during the century from a comparative and historical perspective. In particular he compares Latin American economies to those of advanced capitalist economies, to newly industrialized economies, and to Spain and Portugal because of the historical ties. He looks at the reasons for the poor or negative growth during the 1980s and the apparent recovery in the 1990s and at such problems as debt, income inequality, high inflation, cyclical instability, and political and policy instability. Annotation copyrighted by Book News, Inc., Portland, OR