NAFTA, Trade, and Development
Robert Blecker and
University of California at San Diego, Center for U.S.-Mexican Studies from Center for U.S.-Mexican Studies, UC San Diego
In this chapter, we analyze the expectations and the realities about the economic impact of NAFTA on Mexico in terms of economic convergence, trade, investment, employment, wages, and income distribution. We show that NAFTA has basically failed to fulfill the promise of closing the Mexico-U.S. development gap, and we argue that this was due in part to the lack of deeper forms of regional integration or cooperation between Mexico and the United States. We also explore other factors that could explain this negative outcome, and we briefly discuss the opportunities for both Mexico and the United States to mutually benefit from a further economic integration process.
Keywords: NAFTA; globalization; trade; democratization; labor; economic integration; Social and Behavioral Sciences (search for similar items in EconPapers)
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Working Paper: NAFTA, Trade, and Development (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:cdl:usmexi:qt07f5g232
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