00684nam a2200121Ia 450000500170000010000230001724500620004026000090010252004090011158300190052094200060053999900170054520260716043338.0  aPANAGARIYA, Arvind  aFree Trade Area of the Americas : good for Latin America?  c1996  aPoints out the relevance of a mercantilist approach for the economics of free trade areas.  Discusses some aspects of regional arrangements between developed and developing countries, and compares NAFTA to the European Union.  Argues that Latin American countries will lose from the FTAA.  Concludes that policy harmonisation within North-South regional schemes is a costly affair for southern countries.  c3/7/00kM2LMGR  cA  c45319d45319