This new book brings together contributions from recognized experts in trade policy, discussing and evaluating economic integration in the Western Hemisphere and the alternative trade strategies being pursued in this area. List of figures xii List of tables xiii About the contributors xv Preface xxi Acronyms xxvi PART I Introduction 1 1 Introduction 3 SUPACHAI PANITCHPAKDI PART II New trade strategies in the Americas 11 2 The past twenty years of trade policy: what have we learned so far and what are the lessons for Latin America? 13 MICHAEL HART 3 New trade strategies in the Americas 27 SHERRY M STEPHENSON 4 The FTAA WTO divide: the political economy of low ambition 46 M RIO A. MARCONINI 5 Trade liberalization as a moral imperative 62 RICHARD FISHER PART III Regional and subregional agreements in the Western Hemisphere 69 6 Regionalism in North America: NAFTA and the Mexican case 71 VICTOR L EZ VILLAFA AND MARIANA RANGEL PADILLA 7 Central America in a free trade area for the Americas 90 ALBERTO TREJOS 8 MERCOSUR and the US: no finishing date 96 FELIPE FRYDMAN 9 The Caribbean Community: integration among small states 105 ANNEKE JESSEN 10 Trends in Latin American integration: an overview 133 OSVALDO ROSALES, JOS E. DUR N LIMA AND SEBASTI N S EZ PART IV Results of North American and hemispheric trade negotiations 163 11 Does the FTAA have a future? 165 JEFFREY J. SCHOTT 12 Competing for the US import market: NAFTA and non-NAFTA countries 176 JORGE CHAMI BATISTA 13 Beyond FTAs: deepening North American integration 199 WENDY DOBSON PART V Interaction of regional and global trade agreements 207 14 Interactions of regional and global trade agreements 209 SYLVIA OSTRY 15 Interactions between regional and global trade agreements 213 GARY CLYDE HUFBAUER 16 Cleaning up the spaghetti bowl 227 JOHN M. CURTIS 17 Isolation, intervention, and exchange rights: principles in trade theory 233 EARL L. GRINOLS PART VI Afterword 245 Afterword 247 JOSEPH A. McKINNEY AND H. STEPHEN GARDNER Index 249