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El Salvador and the Central American Free Trade Agreement: Consolidation of a Transnational Capitalist Class

El Salvador and the Central American Free Trade Agreement: Consolidation of a Transnational... © Koninklijke Brill NV, Leiden, 2009 DOI: 10.1163/156914909X423863 PGDT 8 (2009) 189-210 brill.nl/pgdt P E R S P E C T I V E S O N G L O B A L D E V E L O P M E N T A N D T E C H N O L O G Y El Salvador and the Central American Free Trade Agreement : Consolidation of a Transnational Capitalist Class Cori Madrid Ph.D. Candidate, Department of Political Science, Th e Graduate Center, City University of New York Abstract On December 17, 2004, El Salvador became the fi rst of six signatory countries to ratify the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA) and on March 1, 2006, it became the fi rst to implement the agreement. However, even staunch supporters of trade agreements would likely agree that DR-CAFTA provides questionable advantages for the fi ve Latin American signatories, as they already received most of the DR-CAFTA-related trade- benefi ts through the Caribbean Basin Initiative (CBI) with fewer conditions. Meanwhile, the potential benefi ts are questionable, at best. Th us, begs the question, why would any of the fi ve Latin American economies sign on to http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Perspectives on Global Development and Technology Brill

El Salvador and the Central American Free Trade Agreement: Consolidation of a Transnational Capitalist Class

Madrid, Cori
Perspectives on Global Development and Technology , Volume 8 (2-3): 189 – Jan 1, 2009
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Publisher
Brill
Copyright
© 2009 Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1569-1500
eISSN
1569-1497
DOI
10.1163/156914909X423863
Publisher site
See Article on Publisher Site

Abstract

© Koninklijke Brill NV, Leiden, 2009 DOI: 10.1163/156914909X423863 PGDT 8 (2009) 189-210 brill.nl/pgdt P E R S P E C T I V E S O N G L O B A L D E V E L O P M E N T A N D T E C H N O L O G Y El Salvador and the Central American Free Trade Agreement : Consolidation of a Transnational Capitalist Class Cori Madrid Ph.D. Candidate, Department of Political Science, Th e Graduate Center, City University of New York Abstract On December 17, 2004, El Salvador became the fi rst of six signatory countries to ratify the Dominican Republic-Central American Free Trade Agreement (DR-CAFTA) and on March 1, 2006, it became the fi rst to implement the agreement. However, even staunch supporters of trade agreements would likely agree that DR-CAFTA provides questionable advantages for the fi ve Latin American signatories, as they already received most of the DR-CAFTA-related trade- benefi ts through the Caribbean Basin Initiative (CBI) with fewer conditions. Meanwhile, the potential benefi ts are questionable, at best. Th us, begs the question, why would any of the fi ve Latin American economies sign on to

Journal

Perspectives on Global Development and Technology – Brill

Published: Jan 1, 2009

Keywords: NEOLIBERALISM; TRANSNATIONAL CAPITALIST CLASS; FREE TRADE AGREEMENT; DR-CAFTA; EL SALVADOR

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