CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

English Spanish

The “new regionalism” and the Free Trade Area of the Americas: A less benevolent view

This paper examines the pros and cons of the “new regionalism”, taking as a landmark the negotiations for a Free Trade Area of the Americas (FTAA). It summarizes the main features of the “new regionalism” and reviews some of the challenges and opportunities opened up by North-South preferential trade agreements (a category that includes many of the new vintage of such agreements). It underlines the role of domestic policies as a complement to trade liberalization, an aspect generally overlooked in the debate about trade negotiations and preferential trade agreements. It reviews the record of the FTAA negotiations, emphasizing recent trends and prospects. Lastly, it summarizes the main points raised and emphasizes the problematic features of the FTAA that is starting to emerge after a decade of negotiations.

English Spanish

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