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With the signing of the North American Free Trade Agreement (NAFTA) and the U.S. proposal for the widening of NAFTA to include the whole of the Western Hemisphere, there is now a greater mutuality of interest between the U.S. and the rest of the hemisphere than at any time in the recent past. Mexico, Canada, and the United States continue to deepen and refine their understanding of the practical implications of NAFTA. Latin American and Caribbean countries--most now democracies--have altered their development philosophy, placing greater stress on the workings of the market and opening their own markets to import competition. North America and other hemispheric subregions are seeking greater economic integration behind lowered trade barriers. Under this new philosophy, what other countries of the hemisphere most want is assurance of access to the markets of each other and the United States. This common thinking is what makes the present a most propitious moment for hemispheric cooperation.

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• Foreword
• Acknowledgments
• Summary
• Introduction
• The Choices Deepening versus Widening Sovereignty Analysis and Opinion Global Trends
• What Drives U.S. Regionalism?
• Comparing Regional Groupings Latin American and Caribbean Integration Arrangements Economic Interaction in North America U.S. Trade in North America Investment Relations
• The Maquiladora Industry Migration
• The Meaning of Deepening
• Key Elements of Deepening Nongovernmental Cooperation
• The Cultural Dimension Sovereignty
• The Widening of NAFTA
• The Integration Scene in the Americas
• The Stakes in Hemispheric Free Trade Getting There Institutional Arrangements Conclusion
• Conclusion Hope and Pessimism
• Notes
• Bibliography
• Index

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CHOICE Review

Weintraub offers an interesting discussion of "deepening" (NAFTA provisions more thoroughly implemented) and "widening" (inviting more members to accede to NAFTA.) We learn from this book why simply inviting everyone in the Americas to join NAFTA may not be in the self-interest of the US and indeed may not be in the interest of some of these countries either. Weintraub's basic message is that it might be advisable to slow down the rate of "widening" and work methodically on deepening existing relationships. This will allow both member and nonmember countries to compute the relative advantages of simple bilateral agreements versus accession to NAFTA or staying with regional trade blocs outside of NAFTA. The acronyms are always a bit inconvenient, and some trade theory background is definitely helpful in understanding this work. Nevertheless, anyone trying to decipher the myriad claims about NAFTA would be well advised to read this book. Upper-division undergraduate through professional. M. G. Ellis; New Mexico State University

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SIDNEY WEINTRAUB holds the William E. Simon Chair in Political Economy at the Center for Strategic and International Studies and is also Dean Rusk Professor of International Affairs at the Lyndon B. Johnson School of Public Affairs, University of Texas at Austin. He has written extensively on North American economic integration including Free Trade between Mexico and the United States (1984) and A Marriage of Convenience: Relations between Mexico and the United States (1990).