Central America's Free Trade Gamble. Daniel P. Erikson.
by Erikson, Daniel P; ProQuest Information and Learning Company.
Series: SIRS Enduring Issues 2006Article 3Business. Publisher: World Policy Journal, 2005ISSN: 1522-3191;.Subject(s): Central America -- Economic conditions | Central America -- Politics and government | Central American Free Trade Agreement | Commercial treaties | Labor laws and legislation -- Central America | U.S. -- Commerce -- Central America | U.S. -- Economic relations -- Central AmericaDDC classification: 050 Summary: "In 2005, the small, poverty-stricken countries of Central America will embark on a grand experiment in free trade with the rich and powerful 'colossus of the north.' It is a wager of significant proportions that will reshape their economies and societies in the coming decades, and provide new fodder for the ongoing global debate on the advantages and drawbacks of trade integration among countries with vastly unequal levels of development. The catalyst is the Central American Free Trade Agreement, known as CAFTA, which will bind the economies of Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua (as well as the Dominican Republic) to that of the United States." (WORLD POLICY JOURNAL) The article reveals that "Central America is faced with chronic development problems for which there is no obvious or easy solution. CAFTA at least appears to offer some chance for economic relief. By winning increased access to the U.S. market and further opening their economies to foreign investment, the small countries of Central America are striving to stay afloat on the choppy seas of the global economy. Many Central American leaders also believe that by definitively aligning their countries with the United States, CAFTA represents a significant geopolitical decision that will reap benefits in the future."| Item type | Current location | Call number | Status | Date due |
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High School - old - to delete | REF SIRS 2006 Business Article 3 (Browse shelf) | Available |
Articles Contained in SIRS Enduring Issues 2006.
Originally Published: Central America's Free Trade Gamble, Winter 2004/2005; pp. 19-28.
"In 2005, the small, poverty-stricken countries of Central America will embark on a grand experiment in free trade with the rich and powerful 'colossus of the north.' It is a wager of significant proportions that will reshape their economies and societies in the coming decades, and provide new fodder for the ongoing global debate on the advantages and drawbacks of trade integration among countries with vastly unequal levels of development. The catalyst is the Central American Free Trade Agreement, known as CAFTA, which will bind the economies of Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua (as well as the Dominican Republic) to that of the United States." (WORLD POLICY JOURNAL) The article reveals that "Central America is faced with chronic development problems for which there is no obvious or easy solution. CAFTA at least appears to offer some chance for economic relief. By winning increased access to the U.S. market and further opening their economies to foreign investment, the small countries of Central America are striving to stay afloat on the choppy seas of the global economy. Many Central American leaders also believe that by definitively aligning their countries with the United States, CAFTA represents a significant geopolitical decision that will reap benefits in the future."
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