Institutional Arrangements for Hemispheric Free Trade

In: The annals of the American Academy of Political and Social Science, Band 526, Heft 1, S. 183-194

Abstract

Three outcomes of the problem of institutionalizing hemispheric free trade seem possible: (1) a U.S.-centered series of multilateral and bilateral free trade areas in which only the United States enjoys truly hemispheric free trade; (2) a set of integrated subregional free trade agreements, emanating from the North American Free Trade Area if it is completed; or (3) a hemispherewide system coordinated by inter-American agencies—its realization, if it is to be, is a long way away.