Publication

Once there was a shared strategy in the Americas to boost growth and spread its gains. In April of 1998, regional leaders launched negotiations in Santiago for the Free Trade Area of the Americas (FTAA), the plan to unite 880 million people in a single market. Now support for the FTAA has effectively collapsed—a victim of the deadlocked Doha Round, globalization fears, ideological differences, regional leadership rivalries, the distractions of fi nancial instability, and the lure of sub-regional approaches.