INR 3933r Lecture Notes - Neofunctionalism, Mercosur, Free Trade Area Of The Americas

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31 Mar 2014
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NAFTA cont. 03/26/2014
EU:
Commission Focused on interest of EU (Supranational)
Council The President, the national decision makers, for the states (Intergovernmental)
NAFTA still remains an intergovernmental organization, has yet to reach supranational like the EU
Dispute Resolution is the only element that is similar to supranational b/c they can override a country’s
law & it’s a binding decision
Why would Democrats be less likely to support free trade?
B/c party of labor unions
Republicans more likely to support b/c pro-business
Canada is most supportive of NAFTA than Mexico/U.S, Mexico is mostly confused feelings. U.S is mainly
negative
Transatlantic Agreement Europeans brought to US (EU & US)
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Regional Integration in Latin America 03/26/2014
The First Wave
LAFTA: Treaty of Montevideo, signed 1960 by
Argentina, Brazil, Chile, Mexico, Paraguay, Peru, and Uruguay
1961:
Ecuador & Columbia
1966 & 1967:
Venezuela and then Bolivia
Goal: Common Market
Treaty established a FTA, but never implemented
Failure publicly acknowledged in 1969
1980:
Latin America Integration Association
No more successful than LAFTA
CACM: Central American Common Market
1960: Treaty of Managua signed by El Salvador, Guatemala, Honduras, and Nicaragua. Costa Rica in 1963
Created an FTA, but excluded goods were about 50% of intraregional trade
Goal: CET, but no deadline
Also created a Central American Bank for Economic Integration
Created a permanent secretariat and other non-national bodies
Much more successful than LAFTA
The First Wave: Why in the Early 1960s
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Regional Integration in Latin America 03/26/2014
Creation of the EC with its CET and protectionist agricultural policies
LA was already facing declining terms of trade
Response: Integration more bargaining power raise price of exports
For Central America, what was the other external stimulus?
The Cuban Revolution
Why Did Both Fail?
Mattli (1999) argues that there are two pre-conditions for group success:
Potential for market gains (complementary market structures)
A benevolent regional hegemon
In EU, it was West Germany
Two key problems any group must overcome:
Coordination decision-making
Distribution instead of taking all the gains from FTA, distributes it freely amongst all countries
LAFTA:
Composed of three groups
CACM?
Andean Pact: Responding to LAFTA’s failure
1969: Cartagena Agreement signed by Bolivia, Chile, Columbia, Peru, and Ecuador. Then Venezuela in
1973
CAN/ACN abbreviations
Chile withdraws in 1976;Venezuela in 2006
Response to the internal failings of LAFTA
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