Ten Years Hence, Is NAFTA Succeeding?
Access full-text files
Date
2004-06
Authors
Weintraub, Sidney
Journal Title
Journal ISSN
Volume Title
Publisher
Bureau of Business Research, The University of Texas at Austin
Abstract
In the early 1990s, the proposed North American Free Trade Agreement, linking Canada, Mexico, and the United States, prompted intense debate. Today, ten years after the agreement took effect, it remains a flash point, much criticized in both Mexico and the United States. Two key complaints have been that many jobs have been lost to low-wage Mexican production and the large loss of U.S. jobs over the last decade can be attributed to the ongoing bilateral trade deficit with Mexico. Are these criticisms valid? What can be said about the success or failure of NAFTA in its tenth year?