This paper is divided in nine sections. A short introduction puts the subject matter in perspective in the context of the FTAA negotiations. Section 1 deals with obstacles to a successful conclusion of the FTAA both in Mercosur - especially in Brazil. The following section considers briefly how...

1. Introduction 2. Contrasts in the hemisphere: size and trade 3. The political economy of protection in Latin America: the inertia of history 4. The political economy of protection in the US: ominous developments 5. The FTAA negotiation process 6. Conclusions