Will FTAA Bring Income Convergence?

By the beginning of year 2006, the Free Trade Area of the Americas, FTAA, will be launched. Mixed expectations and concerns about its effects on the individual economies have grown in the area since this process started in December, 1994. This paper aims to discuss a particular expectation –or conce...

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Autores:
Maya Ochoa, Cecilia
Restrepo Puerta, Juan Manuel
Tipo de recurso:
Fecha de publicación:
2003
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
eng
OAI Identifier:
oai:repository.eafit.edu.co:10784/927
Acceso en línea:
http://hdl.handle.net/10784/927
Palabra clave:
Free Trade Area of the Americas
Income Convergence
Free Trade
ALCA
Tratado de Libre Comercio de las Américas
Convergencia del Ingreso
Libre Comercio
Rights
License
Acceso abierto
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oai_identifier_str oai:repository.eafit.edu.co:10784/927
network_acronym_str REPOEAFIT2
network_name_str Repositorio EAFIT
repository_id_str
dc.title.eng.fl_str_mv Will FTAA Bring Income Convergence?
title Will FTAA Bring Income Convergence?
spellingShingle Will FTAA Bring Income Convergence?
Free Trade Area of the Americas
Income Convergence
Free Trade
ALCA
Tratado de Libre Comercio de las Américas
Convergencia del Ingreso
Libre Comercio
title_short Will FTAA Bring Income Convergence?
title_full Will FTAA Bring Income Convergence?
title_fullStr Will FTAA Bring Income Convergence?
title_full_unstemmed Will FTAA Bring Income Convergence?
title_sort Will FTAA Bring Income Convergence?
dc.creator.fl_str_mv Maya Ochoa, Cecilia
Restrepo Puerta, Juan Manuel
dc.contributor.author.none.fl_str_mv Maya Ochoa, Cecilia
Restrepo Puerta, Juan Manuel
dc.subject.keyword.eng.fl_str_mv Free Trade Area of the Americas
Income Convergence
Free Trade
topic Free Trade Area of the Americas
Income Convergence
Free Trade
ALCA
Tratado de Libre Comercio de las Américas
Convergencia del Ingreso
Libre Comercio
dc.subject.keyword.spa.fl_str_mv ALCA
Tratado de Libre Comercio de las Américas
Convergencia del Ingreso
Libre Comercio
description By the beginning of year 2006, the Free Trade Area of the Americas, FTAA, will be launched. Mixed expectations and concerns about its effects on the individual economies have grown in the area since this process started in December, 1994. This paper aims to discuss a particular expectation –or concern- which is: Will this liberalization of the Americas contribute to increase or to decrease the huge gap in per capita income between the industrialized economies of the North, -Canada and the U.S.- and the other thirty-two countries? Based on the analysis of empirical evidence on current trade areas in the region, we conclude that even in the case of equal trade, where the agreement manages to conciliate the interests of developed and less developed countries, income convergence will, probably, not be one of the outcomes of this liberalization. The lack of symmetry in an area which gathers countries at very different stages of development, an asymmetry much more pronounced in them FTAA because it includes the largest economy in the world, prevent us from expecting income convergence even if this trade area becomes a successful one.
publishDate 2003
dc.date.issued.none.fl_str_mv 2003-10-13
dc.date.available.none.fl_str_mv 2013-06-28T00:05:17Z
dc.date.accessioned.none.fl_str_mv 2013-06-28T00:05:17Z
dc.type.eng.fl_str_mv workingPaper
info:eu-repo/semantics/workingPaper
dc.type.coarversion.fl_str_mv http://purl.org/coar/version/c_b1a7d7d4d402bcce
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_8042
dc.type.local.spa.fl_str_mv Documento de trabajo de investigación
dc.type.hasVersion.eng.fl_str_mv draft
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/10784/927
url http://hdl.handle.net/10784/927
dc.language.iso.eng.fl_str_mv eng
language eng
dc.rights.coar.fl_str_mv http://purl.org/coar/access_right/c_abf2
dc.rights.local.spa.fl_str_mv Acceso abierto
rights_invalid_str_mv Acceso abierto
http://purl.org/coar/access_right/c_abf2
dc.coverage.spatial.eng.fl_str_mv Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees
dc.publisher.spa.fl_str_mv Universidad EAFIT
dc.publisher.department.spa.fl_str_mv Escuela de Economía y Finanzas
institution Universidad EAFIT
bitstream.url.fl_str_mv https://repository.eafit.edu.co/bitstreams/c92196cd-2ce6-4b28-bdba-b6ff05bbccf8/download
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repository.name.fl_str_mv Repositorio Institucional Universidad EAFIT
repository.mail.fl_str_mv repositorio@eafit.edu.co
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spelling Medellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degrees2013-06-28T00:05:17Z2003-10-132013-06-28T00:05:17Zhttp://hdl.handle.net/10784/927By the beginning of year 2006, the Free Trade Area of the Americas, FTAA, will be launched. Mixed expectations and concerns about its effects on the individual economies have grown in the area since this process started in December, 1994. This paper aims to discuss a particular expectation –or concern- which is: Will this liberalization of the Americas contribute to increase or to decrease the huge gap in per capita income between the industrialized economies of the North, -Canada and the U.S.- and the other thirty-two countries? Based on the analysis of empirical evidence on current trade areas in the region, we conclude that even in the case of equal trade, where the agreement manages to conciliate the interests of developed and less developed countries, income convergence will, probably, not be one of the outcomes of this liberalization. The lack of symmetry in an area which gathers countries at very different stages of development, an asymmetry much more pronounced in them FTAA because it includes the largest economy in the world, prevent us from expecting income convergence even if this trade area becomes a successful one.A comienzos del 2006 se espera el lanzamiento del ALCA. Muchas inquietudes existen en torno a los posibles efectos que la conformación de esta área de libre comercio tendrá sobre las economías de los países integrantes. Este artículo analiza una de estas inquietudes la cual se refiere a si esta integración de las Americas contribuirá a cerrar la brecha en el ingreso per capita de las naciones industrializadas del norte –Canadá y Estados Unidosy las otras treinta y dos naciones o, por el contrario, profundizará dicha brecha? Con base en la evidencia empírica de otras zonas de libre comercio de la región, se concluye que, aún en el caso de que en el tratado se logren conciliar los intereses de los países desarrollados y los no desarrollados para un comercio justo, la convergencia del ingreso per cápita no será, probablemente, uno de los resultados de esta integración. La asimetría existente en esta región, más aguda en el caso del ALCA por el hecho de que esta área comprende la más grande economía del mundo, impide esperar que se logre convergencia aunque el área resulte exitosa.engUniversidad EAFITEscuela de Economía y FinanzasWill FTAA Bring Income Convergence?workingPaperinfo:eu-repo/semantics/workingPaperDocumento de trabajo de investigacióndrafthttp://purl.org/coar/version/c_b1a7d7d4d402bccehttp://purl.org/coar/resource_type/c_8042Acceso abiertohttp://purl.org/coar/access_right/c_abf2Free Trade Area of the AmericasIncome ConvergenceFree TradeALCATratado de Libre Comercio de las AméricasConvergencia del IngresoLibre ComercioMaya Ochoa, CeciliaRestrepo Puerta, Juan Manuelcmaya@eafit.edu.cojrestr24@eafit.edu.coORIGINAL2003_7_Cecilia_Maya.pdf2003_7_Cecilia_Maya.pdfapplication/pdf637851https://repository.eafit.edu.co/bitstreams/c92196cd-2ce6-4b28-bdba-b6ff05bbccf8/downloadd676eed16894209c6c1ebc7633369bacMD51LICENSElicense.txtlicense.txttext/plain; charset=utf-8968https://repository.eafit.edu.co/bitstreams/1b6c20f2-f73d-4c81-a01b-16e8f32a3cac/download4cc960a42e07fca3808fbd6b90ab2a1fMD5210784/927oai:repository.eafit.edu.co:10784/9272024-03-05 14:06:32.896open.accesshttps://repository.eafit.edu.coRepositorio Institucional Universidad EAFITrepositorio@eafit.edu.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