Mexico's NAFTA Experience: A Test for Globalization

"Poor Mexico! So far from God and so close to the United States. The proximity to the largest economy in the world gives Mexico a special position among developing countries. Hailed by international institutions for its market-oriented reforms and good economic management, Mexico was seen as a model to follow for other developing nations. So what lessons can be learned from Mexico s experience? Loaded with promises, the North American Free Trade Agreement is part of a trend toward regional economic integration. At the time NAFTA was signed, it was considered a radical experiment, the first free trade area between the Thirst and the Third World. Free trade proponents considered it sufficiently powerful to push a developing economy into the First World. More generally speaking, the Mexican experience serves as a test for globalization. However, while the Mexican government neglected other policy areas, the global environment became increasingly competitive. Countries like China present a massive challenge ... Has Mexico risked to fall behind, at a time when it cannot afford to do so? This book should be interesting to policy-makers and students.

Autorentext

Having studied international business, the author became increasingly interested in economic policy. In the course of the research for this book, she came to understand the valuable lessons Mexico's NAFTA experience holds for trade liberalisation, particularly in times of the much - discussed globalization.

Klappentext

"Poor Mexico! So far from God and so close to the United States." The proximity to the largest economy in the world gives Mexico a special position among developing countries. Hailed by international institutions for its market-oriented reforms and good economic management, Mexico was seen as a model to follow for other developing nations. So what lessons can be learned from Mexico's experience? Loaded with promises, the North American Free Trade Agreement is part of a trend toward regional economic integration. At the time NAFTA was signed, it was considered a radical experiment, the first free trade area between the Thirst and the Third World. Free trade proponents considered it sufficiently powerful to push a developing economy into the First World. More generally speaking, the Mexican experience serves as a test for globalization. However, while the Mexican government neglected other policy areas, the global environment became increasingly competitive. Countries like China present a massive challenge ... Has Mexico risked to fall behind, at a time when it cannot afford to do so? This book should be interesting to policy-makers and students.