Free Trade Area of the Americas – Explained

Free Trade Area of the Americas (FTAA) Definition   Academic Research on Free Trade Area of the Americas (FTAA) Computational analysis of theFree Trade Areaof theAmericas(FTAA), Brown, D. K., Kiyota, K., & Stern, R. M. (2005).The North American Journal of Economics and Finance,16(2), 153-185. This paper uses the Michigan Model of World Production and Trade to assess the economic effects of the Free Trade Area of the Americas (FTAA). The model covers 18 economic sectors in each of 22 countries/regions and is based on Version 5.4 of the GTAP database for 1997, together with specially constructed estimates of services barriers and other data on sectoral employment and numbers of firms. Hemispheric Integration and the Politics of Regionalism: TheFree Trade Areaof theAmericas(FTAA), Bruner, C. M. (2002). U. Miami Inter-Am. L. Rev.,33, 1. A dynamic evaluation of the effects of afree trade areaof theAmericasAn intertemporal, global general equilibrium model, Diao, X., & Somwaru, A. (2001). Journal of Economic Integration, 21-47. This study examines the dynamic effects of a Free Trade Area of the Americas (FTAA) on the countries within the Western Hemisphere. The analysis uses an intertemporal, global, multi-sector general equilibrium model which takes into account changes in saving-investment, capital accumulation, and the linkages between openness in trade and economic growth. The study finds that the developing countries in the hemisphere may not enjoy welfare gain from an FTAA if they trade more with non-hemisphere countries and if trade-diverting effects dominate trade-creating effects. Afree trade areaof theAmericasin 2005?, Wrobel, P. S. (1998). International Affairs,74(3), 547-561. This article briefly discusses the current trend in favour of regional preferential trade agreements, describes how the proposal for an Free Trade Area of the Americas (FTAA) came about, explores more than three years of negotiations that made it possible, and assesses the probability of its success. Labor standards and theFree Trade Areaof theAmericas, Elliott, K. (2003). This paper studies the degree of attention to labor in trade negotiations by analysing three out of the four trade core labor standards (forced labor, discrimination, and child labor). It focuses on how attention to labor can affect the speed, cost, development of a nation, and the political support of a nation. The author suggests using a parallel track to negotiate labor issues and link progress in those negotiations more closely to the trade negotiations. Free Trade Areaof theAmericas(FTAA), Stump, C. (1995). J. Int’l L. & Prac.,4, 153. The political economy of United States’free tradearrangements, Feinberg, R. E. (2003). World Economy,26(7), 1019-1040. This paper studies the factors behind the US involvement in global bilateral and regional trade. It examines the factors behind the dominance of this nation in global trades, as well as bilateral agreements. The paper suggests that the US was able to grow high in the global market by trading with smaller nations, thus, becoming a center of solitude for other nations. The monetary consequences of afree trade areaof theAmericas, Eichengreen, B., & Taylor, A. M. (2003). (No. w9666). National Bureau of Economic Research. This paper analyses different ways in which free trade can affect monetary policy and exchange rate regimes choices. The paper shows that the European Unions creation of an integrated market was less likely to affect the Latin market. This paper tries to understand whether the monetary consequences of existing regional trade agreements, including but not limited to the European Union, mainly reflect spillovers from trade integration, or whether observed outcomes have been mainly about politics. Thefree trade areaof theAmericas: A Latin American perspective, SalazarXirinachs, J. M., & Tavares de Araujo Jr, J. (1999). World Economy,22(6), 783-797. Free Trade AreaOf TheAmericasNafta Marches South, Katz, C. (2002). NACLA Report on the Americas,35(4), 27-28. From the South Americanfree trade areato the Union of South American Nations: The transformations of a rising regional process, BriceoRuiz, J. (2010). Latin American Policy,1(2), 208-229. This paper proposes the creation of the Union of South American Nations (UNASUR), as the latest step for the construction of a new regionalism in the Latin Americas. This article analyzes the process of construction of a new South American regionalism and the extent to which UNASUR could be a successful strategy.