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Countries of the Central American Common Market and the challenges of a hemispheric free trade area : the extent of macroeocnomic preparedness.

By:

ESCAITH, Hubert

Material type: Text

TextPublication details: 1997Action note:

3/7/00 M2LMGR

Summary: Identifies four criteria of preparedness, viz. (1) the criteria for eligibility; (2) the preparedness of the economic policies; (3) structural preparedness; and (4) the feasibility of the hemispheric integration process. Applies these criteria to determine Central America's global level of preparedness, and compares the result with Panama, the Dominican Republic and Mexico. Concludes that if the CACM countries are to join in a free trade area of the Americas in favourable conditions, they must make a spirited effort to improve their level of macroeconomic preparation.

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Identifies four criteria of preparedness, viz. (1) the criteria for eligibility; (2) the preparedness of the economic policies; (3) structural preparedness; and (4) the feasibility of the hemispheric integration process. Applies these criteria to determine Central America's global level of preparedness, and compares the result with Panama, the Dominican Republic and Mexico. Concludes that if the CACM countries are to join in a free trade area of the Americas in favourable conditions, they must make a spirited effort to improve their level of macroeconomic preparation.

3/7/00 M2LMGR

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