The Banana: Empires, Trade Wars, and Globalization
The Banana demystifies the banana trade and its path toward globalization. It reviews interregional relationships in the industry and the changing institutional framework governing global trade and assesses the roles of such major players as the European Union and the World Trade Organization. It also analyzes the forces driving today's economy, such as the competitiveness imperative, diversification processes, and niche market strategies. Its final chapter suggests how the outcome of the recent banana war will affect bananas and trade in other commodities sectors as well.
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acp countries acp group agreement agricultural Banana Empire banana exports banana farming banana industry banana market banana production banana war banana zones Belize Belize’s Central America challenge Chiquita Colombia colonial company’s competitiveness Costa Rica costs Cotonou Cotonou Agreement Council Regulation 404/93 country quotas country’s crops cultivation diversification Dominica Ecuador EU’s European Commission farmers favorable fcfs firms foreign free trade Fruit Company Fyffes gatt Geest global Grenada growers Guadeloupe Guatemala Honduras import licenses increased industry’s involved issue Kepner and Soothill labor land Latin American ldcs licensing system Lomé Convention Lucia major ment nana negotiations neoliberal operations Panama Panama Disease percent personal communication plantations port programs railroad regime region sector solidarismo stage Standard Fruit Suriname tariff tariff-rate quota third-country bananas tion tncs trade preferences transportation ufco ufco’s Union United upeb waiver Windward Islands workers
Page xix - ... employees. Many Latin American nations feared that they could not compete effectively with newly industrializing Asian economies in world markets. They could nonetheless obtain the benefits of expanded and competitive markets through the establishment of free trade agreements, most notably the North American Free Trade Agreement (NAFTA) and the Common Market of the South (MERCOSUR). This would make it easier to obtain funds for development. Moreover, foreign investment began to be welcomed as...