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BLECKER The North American Economies After NAFTA A Critical Appraisal
| Content Provider | Semantic Scholar |
|---|---|
| Author | Blecker, Robert A. |
| Copyright Year | 2004 |
| Abstract | The North American Free Trade Agreement (NAFTA) went into effect on January 1, 1994, amid conflicting predictions that it would either propel the Mexican economy into the ranks of “first world” developed nations or create a “giant sucking sound” of jobs leaving the United States (and, to a lesser extent, Canada). To a large extent, these hyped predictions by supporters and opponents alike were mirror images of each other, because they both rested on the presumption that NAFTA would create large numbers of jobs in Mexico. Ten years later, the reality has been much more mixed than the more extreme advocates or critics of NAFTA anticipated. Some of the most important economic changes among the three member countries, such as the wide swings in exchange rates and the continued large influx of Mexican immigrants into the United States, pertain to issues that were ignored in NAFTA. In spite of NAFTA, there has been little, if any, net job creation in the tradable goods-producing sectors of the Mexican economy (agriculture and manufacturing). Fundamentally, what NAFTA did was to accelerate and codify a process of economic integration that was already taking place in North America in a way that maximally promoted the interests of large multinational corporations (MNCs) and financial institutions. In spite of its name, NAFTA was not a pure free trade agreement. On the one hand, |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://carnegieendowment.org/pdf/Blecker_NAFTA_paper_final.pdf |
| Alternate Webpage(s) | http://fs2.american.edu/blecker/www/research/01Blecker.pdf |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | Advocate (person) Conflict (Psychology) Departure - action Ephrin Type-B Receptor 1, human Job stream Manufactured Supplies Mike Lesser Occupations Person Name Professional Corporations Propel Rest corporation interest |
| Content Type | Text |
| Resource Type | Article |
