Free Trade within North America: Expanding Trade for Prosperity

1. Front Matter

   Pages i-xiv

   PDF

2. Beyond the Border: Expanding Trade for Prosperity

   1. Front Matter

      Pages 1-1

      PDF

   2. Understanding the Global Community in the 21st Century

      • Henry G. Cisneros

      Pages 3-17

   3. The Benefits of Free Trade

      • Robert D. McTeer Jr.

      Pages 19-25

   4. Free Trade: The New Alternative for Growth in the 1990s

      • Richard W. Fisher

      Pages 27-37

   5. The Invisible Hand versus the Iron Fist

      • W. Michael Cox

      Pages 39-50

3. Opening International Trade: The North-South Connection

   1. Front Matter

      Pages 51-51

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   2. U.S.-Latin American Trade Relations: Past, Present and Future

      • Werner Baer

      Pages 53-71

   3. Toward Free Trade: How Far South Can We Go?

      • F. Javier Murcio

      Pages 73-101

   4. Reform and Liberalization of the Financial System in Mexico

      • Ariel Buira

      Pages 103-109

   5. Canadian Business Perspective on Trade Liberalization

      • L. James Taylor

      Pages 121-127

4. Opening International Trade: The Hemisphere and Beyond

   1. Front Matter

      Pages 119-119

      PDF

   2. Trade Policy and Income Distribution

      • Edward E. Leamer

      Pages 129-136

   3. Prospects for U.S.-Mexico Free Trade

      • William C. Gruben

      Pages 137-142

   4. Interstate Obstacles to Commerce

      • Gerald P. O’Driscoll Jr.

      Pages 151-159

   5. Transportation, Regulation and International Trade

      • Robert V. Delaney

      Pages 161-179

5. Back Matter

   Pages 111-118

   PDF

6. Obstacles to Commerce

   1. Front Matter

      Pages 149-149

      PDF

   2. The Southwest Economy: What the Future Holds

      • Harvey Rosenblum

      Pages 187-200

   3. Important Issues for the Southwest

      • Gerald P. O’Driscoll Jr.

      Pages 201-224

s countries around the globe were rediscovering political freedom, speakers at the Federal Reserve Bank of Dallas' fourth annual South­ A west Conference called for greater economic freedom-free trade in markets free of artificial barriers and misguided regulations, free trade through­ out a continent (perhaps a hemisphere) that has discarded unnecessary restraints and is poised to emerge as a preeminent competitive force in the 21st century. The Dallas Fed conference, titled "Beyond the Border: Expanding Trade for Prosperity" and held October 24-25, 1992, brought together several hundred participants interested in the possibility of free trade throughout North America and beyond. "How far south can we go?" conference speaker Javier Murcio asked. His answer: "As far as economic reform takes hold. " Around the globe, countries were becoming engulfed in what Henry an "absolute prairie fIre of democracy. " And one of the fIrst Cisneros called places many nations were attempting to exercise this new-found political freedom was in the marketplace. As Richard Fisher put it: " . . . market capitalism is a universally accepted dogma. " "This world . . . is becoming one interdependent marketplace. State and national boundaries have become meaningless. No longer are there such things as domestic or foreign fIrms. Decisionmakers can be anywhere they wish to be because computerization and telecommunications allow people to be every­ where at once," Fisher said.

• Bank
• Distribution
• Import
• economics
• economy
• trade policy

• The Federal Reserve Bank of Dallas, USA

  Gerald P. O’Driscoll

Policies and ethics