One could say that there is some natural coherence in proceeding (after an introductory chapter) sequentially from NAFFA
in Part I, to the FTAA in Part II and on to the WTO and the Doha Development Round in Part III, since that progression roughly reflects the fact that the associations of more limited geographic scope can be seen as nested in (or at least interconnected with) the larger ones.
You never see the natural woman, moaned the pair from NAFFA
, whose mission was to get people to accept big, and I mean BIG, is beautiful.
Our embrace of NAFFA
was largely inspired by the fact that the process of getting a multilateral negotiation started at the GATT had stalled in 1982, when the European Community (E.
When Jeff Faux of the Economic Policy Institute recently wrote a compelling memo to the White House describing the political millstone that NAFFA
could become for Clinton, one of the addresses on the memo was Greer's.
To the contrary, an influx of duty-free agricultural products and increased pressure for production of cash crops for export will most likely force out small farmers, just as NAFFA
did in Mexico.
Thirdly, while NAFFA
obligates governments to generally treat foreign investors from a treaty partner to the same standard as domestic investors, the obligation only applies in like circumstances.
Economist Stephen Rose recently challenged five populist myths in The Washington Post: the middle class standard of living is not shrinking and, since 1979, its median income has risen 33%; the decline of the middle class has come from the substantial number of people moving up to the over $100,000 income group, while the percentage of those making under $30,000 has not increased; most consumer debt is held by the self-employed and small businesses, as the average household debt is just over $2,000 and, by most pessimistic estimates, a mere one to two percent of homeowners may be forced into foreclosure; international trade has created more jobs than have been lost and, even in the so-called "Rust Belt" states of the Midwest, employment is up 14% since NAFFA
was signed in 1993; and U.
has similar provisions for investor disputes.
CAFTA-DR, similar to NAFFA
, arguably provides less protection to labor interests than to environmental interests.
These numbers are some what problematic, for three reasons: (1) the EU and East Asia numbers include a larger number of economies than NAFFA
, which biases their intraregional totals upward; (2) the East Asia numbers include Hong Kong, much of whose "trade" can best be seen as double-counting, due to its entrepot role in China; and (3) the East Asia numbers include Taiwan, which is specifically excluded from regional cooperation efforts.
, the North American Free Trade Act, continued the trend.
t]he economic rationale for NAFFA
depends on the standard