Overview
Analyzing the experience of Mexico under the North American Free Trade Agreement (NAFTA), 'Lessons from NAFTA' aims to provide guidance to Latin American and Caribbean countries considering free trade agreements with the United States. The authors conclude that the treaty raised external trade and foreign investment inflows and had a modest effect on Mexico's average income per person. It is likely that the treaty also helped achieve a modest reduction in poverty and an improvement in job quality.
This book will be of interest to scholars and policymakers interested in international trade and development.
Synopsis
A decade after implementation of the North American Free Trade Association, several Latin American countries asked the Bank to evaluate the impact, on both its members and its neighbors, of the world's only economic agreement that binds industrialized (Canada and the US) and non-industrialized (Mexico) countries. Among the factors the report examines are expectations and events, macroeconomic dynamics, remaining trade barriers, and the trade flows of non-member countries. Annotation ©2004 Book News, Inc., Portland, OR