Lessons from NAFTA: for Latin America and the Caribbean (Latin American Development Forum)

Lessons from NAFTA: for Latin America and the Caribbean (Latin American Development Forum) by Daniel Lederman, William F. Maloney, Luis Servén epub pdf fb2

Title: Lessons from NAFTA: for Latin America and the Caribbean (Latin American Development Forum)
Author: Daniel Lederman, William F. Maloney, Luis Servén
ISBN10: 0804752400
ISBN13: 978-0804752404
Publisher: Stanford University Press; 1 edition (November 19, 2004)
Language: English
Subcategory: Social Sciences
Size PDF: 1771 kb
Size Fb2: 1719 kb
Rating: 5.0/5
Votes: 543
Pages: 360 pages
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Lessons from NAFTA: for Latin America and the Caribbean (Latin American Development Forum) by Daniel Lederman, William F. Maloney, Luis Servén


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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. 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.