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El Tratado de Libre Comercio de América del Norte : visión retrospectiva y retos a futuro
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ISBN: 9786074620900 Year: 2010 Publisher: México, D.F. Colegio de México

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Demand Spillovers and the Collapse of Trade in the Global Recession
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ISBN: 1462340601 1455267708 1282846167 9786612846168 1455201251 Year: 2010 Publisher: Washington, D.C. : International Monetary Fund,

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This paper uses a global input-output framework to quantify US and EU demand spillovers and the elasticity of world trade to GDP during the global recession of 2008-2009. We find that 20-30 percent of the decline in the US and EU demand was borne by foreign countries, with NAFTA, Emerging Europe, and Asia hit hardest. Allowing demand to change in all countries simultaneously, our framework delivers an elasticity of world trade to GDP of nearly 3. Thus, demand alone can account for 70 percent of the trade collapse. Large changes in demand for durables play an important role in driving these results.


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NAFTA and labor in North America
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ISBN: 1283028859 9786613028853 0252090799 0252034929 0252076702 9780252090790 9780252034923 9780252076701 9781283028851 6613028851 Year: 2010 Publisher: Urbana : University of Illinois Press,

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"As companies increasingly look to the global market for capital, cheaper commodities and labor, and lower production costs, the impact on Mexican and American workers and labor unions is significant. National boundaries and the laws of governments that regulate social relations between laborers and management are less relevant in the era of globalization, rendering ineffective the traditional union strategies of pressuring the state for reform." "Focusing especially on the effects of the North American Free Trade Agreement and the North American Agreement on Labor Cooperation (the first international labor agreement linked to an international trade agreement), Norman Caulfield notes the waning political influence of trade unions and their disunity and divergence on crucial issues such as labor migration and workers' rights. Comparing the labor movement's fortunes in the 1970's with its current weakened condition, Caulfield notes the parallel decline in the United States' hegemonic influence in an increasingly globalized economy. As a result, organized labor has been transformed from organizations that once pressured management and the state for concessions to organizations that now request that workers concede wages, pensions, and health benefits to remain competitive in the global marketplace."--BOOK JACKET.

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