Issues / Labor, Trade, & Finance
U.S.-Caribbean economic relations since 1950 divide into two periods: 1) the cold war era, when security concerns about communism shaped U.S. policy, and 2) the post-cold war period, when the importance of the Caribbean to U.S. strategic interests has diminished, and U.S. policy is driven by a new set of concerns.
At the center of the current debate of global governance is the G8/G7, a self-constituted forum of the major free-market democracies, whose deliberations and declarations have come to shape key decisions in the management of global political and economic affairs.
Twenty-five years after the end of the Vietnam War, the U.S. still treats Vietnam with a double standard; the July 2000 signing of a bilateral trade agreement is one step toward a balanced policy.
The Bretton Woods Institutions (BWIs)the World Bank and the International Monetary Fund (IMF)have come under increased scrutiny and criticism over the past several years.
The Meltzer Commission Report, combined with street protests, has intensified the debate sparked by the IMFs handling of the global financial crisis.
U.S. foreign economic assistance has shifted its purposes, its organizational structure is in question, and the way it operates is being challenged.
Although the World Trade Organization (WTO) ministerial failed to produce a new round of trade expansion, prior commitments made by countries in the Uruguay Round (which launched the WTO in 1994) meant that negotiations would continue in 2000 to liberalize both agricultural trade and trade in services.
Compulsory licensing and parallel importing policies could help developing country governments make essential medicines more affordable to their citizens.
The U.S. is pushing a negotiating agenda for the FTAA that would dramatically limit each countrys ability to undertake compulsory licensing, an important tool to promote generic competition.
As leaders of 34 Western Hemisphere countries gather in Quebec City, Canada in April 2001, President George W. Bush hopes that the third Summit of the Americas will mark a step toward fulfilling his fathers dream of creating a free trade area stretching from Alaska to Tierra del Fuego.