"Lessons from NAFTA is important perhaps less for what it tells us about changes under a free-trade agreement and more for its nuanced and careful empirical investigation of how trade can actually make people better off. This, indeed, is the 'big story' of NAFTA and the potential for free trade agreements in the region." -- Political Science Quarterly "Lederman, Maloney, and Serven offer an excellent empirical investigation into the impacts of the North America Free Trade Agreement (NAFTA) on the Mexican economy... The authors pay close attention to the experiences of other Latin American countries and the European Union while avoiding ideological debates." CHOICE

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.
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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.

Produktdetaljer

ISBN
9780804752404
Publisert
2004-11-19
Utgiver
Vendor
Stanford University Press
Vekt
562 gr
Høyde
229 mm
Bredde
152 mm
Aldersnivå
P, P, 06
Språk
Product language
Engelsk
Format
Product format
Heftet

Om bidragsyterne

Daniel Lederman is Senior Economist in the Office of the Chief Economist for Latin America and the Caribbean at the World Bank. William F. Maloney is Lead Economist in the Office of the Chief Economist for Latin America and the Caribbean at the World Bank. Luis Serven is Lead Specialist in the Office of the Chief Economist for Latin America and the Caribbean at the World B