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portada Lessons From Nafta: For Latin America and the Caribbean (Latin American Development Forum)
Type
Physical Book
Year
2004
Language
English
Pages
360
Format
Paperback
ISBN
0804752400
ISBN13
9780804752404
Edition No.
1

Lessons From Nafta: For Latin America and the Caribbean (Latin American Development Forum)

Daniel Lederman; William F. Maloney; Luis Serven (Author) · Stanford University Press · Paperback

Lessons From Nafta: For Latin America and the Caribbean (Latin American Development Forum) - Daniel Lederman; William F. Maloney; Luis Serven

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Synopsis "Lessons From Nafta: For Latin America and the Caribbean (Latin American Development Forum)"

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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