Word: processing
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Dates: during 2000-2009
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...visiting public-policy scholar at the Woodrow Wilson Center in Washington, argued that the FTAA talks reflect "a convergence in our hemisphere along the lines of market economics, democracy, shared ideals and common aspirations." She was hopeful about the will of the Bush administration to support the FTAA process, and even try to push it faster by agreeing to put such controversial U.S. practices as antidumping legislation on the table for improvement. And she downplayed the divergences among countries on a bulky, draft version of the trade agreement with the observation that "countries don't put in serious proposals without...
...slowdown. We're in an OECD slowdown," he said, referring to the 30-member association of advanced industrial nations. Europe, the U.S. and Japan are all losing momentum; that could put at risk economic and political stability in parts of the Americas and set back the entire process of globalization, which Courtis credited with providing much of the economic progress of the 1990s. "There's little sign yet in the leading indicators that we have a bottom coming soon. It's become a rough landing...
...build a momentum to move ahead," Courtis said, "because if you don't, we risk losing a lot of what we spent 20 years building. We're in a new game, and basically that new game can be played only if Brazil and the U.S. join and drive this process." If they do, and the FTAA is realized, Courtis said, it would lead to a substantial increase in investment in Latin America, higher growth, lower inflation and, over time, much better fiscal positions for the whole region. "It creates a self-reinforcing dynamic on the upside." To get there...
...most skeptical panelist was the dean of U.S. economic experts on Brazil, Albert Fishlow, senior economist at the investment firm Violy, Byorum & Partners and head of the Center for the Study of Brazil at Columbia University in New York City. While Brazil has committed itself to the FTAA process, he said, there are few grounds for assuming that the country will be interested in speeding up the trade negotiations. Brazil is scheduled to preside with the U.S. over FTAA trade meetings in 2003 and 2004, so Brazilian officials "don't want to see their position of leadership cut" by accelerating...
...dynamic growth and transformation in the Americas. The embrace of democracy and free markets took steadily deeper root, laying a foundation of common values as well as a self-conscious resolve to pursue common causes. One of the centerpieces of that resolve has been the Summit of the Americas process, begun in Miami in 1994 and renewed in Santiago, Chile, in 1998. At these meetings we have jointly developed a hemispheric agenda of shared prosperity and inclusiveness that puts the needs of people - some 800 million of them - first. We have committed ourselves to negotiate a Free Trade Area...