Will FTAA Bring Income Convergence?

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dc.citation.epage49
dc.citation.issue17
dc.citation.journalAbbreviatedTitleEcos de Economíaeng
dc.citation.journalTitleEcos de Economia: A Latin American journal of applied economicseng
dc.citation.spage31
dc.citation.volume7
dc.contributor.affiliationUniversidad EAFITspa
dc.contributor.authorMaya Ochoa, Ceciliaspa
dc.contributor.authorRestrepo Puerta, Juan Manuelspa
dc.coverage.spatialMedellín de: Lat: 06 15 00 N degrees minutes Lat: 6.2500 decimal degrees Long: 075 36 00 W degrees minutes Long: -75.6000 decimal degreeseng
dc.date15/10/2003
dc.date.accessioned2020-01-31T18:44:02Z
dc.date.available2020-01-31T18:44:02Z
dc.date.issued15/10/2003
dc.descriptionBy 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 oneeng
dc.formatapplication/pdf
dc.identifier.issn2462-8107
dc.identifier.issn1657-4289
dc.identifier.urihttp://hdl.handle.net/10784/15594
dc.language.isospa
dc.publisherUniversidad EAFITspa
dc.relation.ispartofEcos de Economía, Vol 7, No 17 (2003)
dc.relation.isversionofhttp://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/1994/2000
dc.relation.urihttp://publicaciones.eafit.edu.co/index.php/ecos-economia/article/view/1994/2000
dc.rightsCopyright (c) 2003 Cecilia Maya Ochoa, Juan Manuel Restrepo Puertaeng
dc.rights.accessrightsinfo:eu-repo/semantics/openAccesseng
dc.rights.localAcceso abiertospa
dc.sourceinstname:Universidad EAFIT
dc.sourcereponame:Repositorio Institucional Universidad EAFIT
dc.sourceEcos de Economía, Vol 7, No 17 (2003)spa
dc.subject.keywordFTAAeng
dc.subject.keywordFree Trade Area of the Americaseng
dc.subject.keywordIncome Convergenceeng
dc.subject.keywordFree Tradeeng
dc.subject.keywordALCAspa
dc.subject.keywordTratado de Libre Comercio de las Américasspa
dc.subject.keywordConvergencia del ingresospa
dc.subject.keywordlibre comerciospa
dc.titleWill FTAA Bring Income Convergence?eng
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typepublishedVersioneng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.type.localArtículospa

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Ecos de Economía, Vol. 07, No. 17 (2003)
Vol 07, No 17 (2003)