Establishment of Mechanisms for the Settlement of Economic Disputes
Dale Beck Furnish
Arizona State University (ASU) - Sandra Day O'Connor College of Law
Georgia Journal of International and Comparative Law, Vol. 5, p. 145, 1975
Both the Andean Group and the Caribbean share a general hope that a new economic order will result in greater equity and justice through international trade. They want economies which will provide general access to the more comfortable standard of living enjoyed by the bulk of United States residents. The United States is a natural focus for these aspirations to change and will be inevitably affected by commercial events and policies in the Caribbean. This article examines what those effects will be. It concludes that while the United States officially has emphasized its dependency on the international market and its commitment to free trade, its legislation, however, evinces a lingering protectionism and something less than willingness to commit itself to helping Latin American and other underdeveloped countries by opening its market to their exports. While this may not be improper, Latin America’s bargaining power is growing rapidly. The United States should consolidate its position with the Andean Group against the eventuality of a strong Andean industrial complex which will draw on Andean raw materials for its manufactures. It should open its market to greater imports from the Andean Group and give all the support and aid the Andean Group will permit, so that the Andean effort at integration will develop with the United States as an involved observer. The current trend, however, is not promising, and the United States must demonstrate greater amenability for the new international economic order in its positive laws as well as its official statements.
Number of Pages in PDF File: 47
Keywords: International Law, Free Trade, Andean Group
Date posted: July 2, 2009
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