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Lessons from NAFTA: For Latin America and the Caribbean
Paperback
Series: Latin American Development Forum
Business GeneralGeneral Political ScienceInternational Relations
ISBN13: 9780804752404
Publisher: Stanford Economics & Finance
Published: Nov 19 2004
Pages: 360
Weight: 1.24
Height: 0.94 Width: 5.80 Depth: 9.06
Language: English
Analyzing the experience of Mexico under the North American Free Trade Agreement (NAFTA), the authors draw lessons for other countries considering free trade agreements with the United States. The authors conclude that NAFTA raised external trade and foreign investment inflows and had a modest effect on Mexico's average income per person. It is likely that NAFTA also helped achieve a modest reduction in poverty and an improvement in job quality. However, major obstacles remain to Mexico's long term development--NAFTA is not enough. The main lesson for other countries is that free trade agreements offer opportunities to accelerate economic growth, but do not guarantee it.
1 different editions
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Lessons from NAFTA: For Latin America and the Caribbean
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Lederman, Daniel
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