South American Free Trade Area or Free Trade Area of the Americas?: Open Regionalism and the Future of Regional Economic Integration in South America: Open Regionalism and the Future of Regional Economic Integration in South America

1st Edition

Mario Esteban Carranza

Routledge
Published November 2, 2017
Reference - 260 Pages
ISBN 9781138725478 - CAT# Y326040
Series: Routledge Revivals

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Summary

This title was first published in 2000:  This work examines the hemispheric diplomacy after the Summits of the America in Miami (December 1994) and Santiago (April 1998), focusing on the strengthening of the South American position in the FTAA negotiations and the Brazilian proposal for a South American Free Trade Area (SAFTA). The book also looks at the implications of the preceding analysis for regional integration theory and international relations theory. The conclusion looks beyond "open regionalism" and considers three scenarios for US-South American relations after the Santiago Summit. First reassertion of US hegemony and signing of an FTAA agreement on schedule, second, erosion of US hegemony but continuing negotiations between North and South America for a "distant" FTAA, and finally, breakdown of the FTAA negotations and emergence of SAFTA as an alternative to the FTAA.

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