By Ricardo Grinspun, Maxwell A. Cameron
Analyzes the industrial, social, political and environmental implications of NAFTA from a variety of severe views. The chapters, unified by means of a sceptical view of the administration of monetary integration in North the United States conceal the industrial technique of Mexico, Canada-US alternate contract and more.
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Is it attainable to harness the advantages of monetary globalization with out sacrificing social fairness, ecological sustainability, and democratic governance? the 1st version of Civilizing Globalization (2003) explored this question at a time of common well known discontent. This totally revised and extended version comes at an both an important juncture.
Analyzes the industrial, social, political and environmental implications of NAFTA from a variety of severe views. The chapters, unified by way of a sceptical view of the administration of monetary integration in North the US disguise the commercial technique of Mexico, Canada-US exchange contract and extra.
Extra info for The Political Economy of North American Free Trade
Foreign direct investment has been expanding far more rapidly than has international trade-34 percent annually versus 9 percent for the years 1983 to 1989 (GATT, 1990). In 1989 alone, the outward foreign direct investment from the G-5 nations (excluding Canada and Italy) was over $140 billion (Julius, 1991), and for all nations it was $215 billion (GATT, 1990). The expectations are that these huge flows will continue, so that by 1995 the stock of foreign direct investment will be double what it was in 1990 (Julius, 1990, p.
A North American Free Trade Agreement: The Strategic Implications for Canada. Ottawa and Halifax: The Centre for Trade Policy and Law and the Institute for Research on Public Policy. Hufbauer, G. , and Schott, J. J. (1992). North American Free Trade: Issues and Recommendations. Washington: Institute for International Economics. IMF Survey. (20 July 1992). " 21 (15), pp. 227-230. , and Obstfeld, M. (1991). ). New York: HarperCollins. Lefeber, L. (forthcoming). " Indian Economic Review. Special issue in memory of Prof.
Each country must decide separately on this important issue. In Mexico, the country with the largest social deficit, the recent trend has been to trim social expenditure. In Canada, the Mulroney administration is not planning new programs. The reasons raised in (e) below also constrain Mexico's and Canada's ability to implement new programs. The United States, under the Clinton administration, is likely to implement new initiatives in areas such as labor retraining but is constrained by the budget deficit.