Reevaluating NAFTA Theory and Practice

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Reevaluating NAFTA Theory and Practice by Hussain, Imtiaz, 9781137034779
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  • ISBN: 9781137034779 | 1137034777
  • Cover: Hardcover
  • Copyright: 12/24/2012

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In examining NAFTA's 15-year performances empirically (asking if chapter-specific provisions/purposes were met or not), and theoretically (similarly asking to what extent regional economic integration theory tenets were fulfilled), the book finds North America resembling a spaghetti bowl: simultaneously retaining protectionist strains, building regional (collective) preferences, and seeking global extensions. Expanded trade (NAFTA Chapter 3), investment (Chapter 11), and rule-compliance (chapters, 19, 20, and the side-agreements) helped produce the longest 20th Century growth period in this region, but failed to eliminate hub-and-spoke and maquila production, leaving conspicuous developmental disparities; while foreign business penetration exposed unavoidable holes in traditional regionalism. Addressing policy-makers, scholars, and graduate students, the manuscript carries messages too relevant for every upwardly-mobile and downwardly-stranded citizens in Canada, Mexico, and the United States to ignore.
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