Lessons from NAFTA for Latin America and the Caribbean

Lessons from NAFTA for Latin America and the Caribbean

Analyzing the experience of Mexico under the North American Free Trade Agreement (NAFTA), "Lessons from NAFTA" aims to provide guidance to Latin American and Caribbean countries considering free trade agreements with the United States. Th...

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Bibliographic Details
Main Authors:	Lederman, Daniel, Maloney, William F., Servén, Luis
Format:	Publication
Language:	English en_US
Published:	Palo Alto, CA: Stanford University Press 2013
Subjects:	ACCOUNTING AGGREGATE VOLATILITY AGRICULTURAL INCOME SUBSIDIES AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURAL SUPPORT AGRICULTURE AIC ANCHOR COUNTRY ANTIDUMPING APPAREL APPAREL EXPORTS APPAREL PREFERENCES ASYMMETRIC SHOCKS AUTONOMY BANKING SYSTEM BILATERAL TRADE BLOC DUMMY COEFFICIENTS BLOC IMPORTS CAPITAL ACCOUNT CAPITAL FLOWS CAPITAL INFLOWS CENTRAL AMERICA COMMON FISCAL RULES COMPARATIVE ADVANTAGE CONSOLIDATION CONVERGENCE ANALYSIS CORPORATE GOVERNANCE COUNTERVAILING DUTY FILINGS CURRENCY CURRENCY UNION DEFICITS DEVALUATION DISPUTE SETTLEMENT DISPUTE SETTLEMENT FILINGS DISPUTE SETTLEMENT MECHANISMS DOMESTIC FIRMS DOMESTIC INSTITUTIONS DOMESTIC MARKET DOMESTIC PRODUCTION DOMESTIC REFORMS DUTY-FREE ACCESS ECONOMETRIC ANALYSIS ECONOMIC CONVERGENCE ECONOMIC INTEGRATION ECONOMIC OUTCOMES ECONOMIC PERFORMANCE ECONOMICS EMERGING MARKETS EXPORTS FACTOR MARKETS FINANCIAL CRISIS FINANCIAL INTEGRATION FINANCIAL MARKETS FINANCIAL SERVICES FINANCIAL SYSTEM FISCAL POLICY FISCAL REFORM FISCAL STABILIZERS FLEXIBLE EXCHANGE RATE FLEXIBLE EXCHANGE RATE REGIMES FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTORS FREE ACCESS FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS FREE TRADE AREA GDP GDP PER CAPITA GLOBAL COMPETITIVENESS GLOBAL EXPORTS GRAVITY MODEL GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES GROWTH VOLATILITY HUMAN CAPITAL IDIOSYNCRATIC SHOCKS IMPORT TARIFFS INCOME INCOME CONVERGENCE INCOME GAPS INCOME SUPPORT PROGRAMS INCOME TRANSFERS INDUSTRIAL PRODUCTION INDUSTRIAL PRODUCTION GROWTH INDUSTRIAL SECTOR INFLATION INTELLECTUAL PROPERTY INTERNATIONAL TRADE INVESTMENT CLIMATE INVESTMENT FLOWS LABOR FORCE LABOR MARKETS LATIN AMERICAN LEGAL STATUS LOCAL CURRENCY LOCATIONAL ADVANTAGES MACROECONOMIC DYNAMICS MACROECONOMIC FLUCTUATIONS MACROECONOMIC INSTABILITY MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC POLICY COORDINATION MACROECONOMIC POLICY DESIGN MACROECONOMIC STABILITY MACROECONOMIC SYNCHRONIZATION MACROECONOMIC VOLATILITY MARKET ACCESS MIGRATION MINIMUM WAGES MONETARY COORDINATION MONETARY POLICY MONETARY STABILITY MONETARY UNIFICATION MULTIPLIER EFFECTS NAFTA NATIONAL POLICIES NEIGHBORING COUNTRIES NET EXPORTS NET INFLOWS NON-RIA COUNTRIES NONMEMBER COUNTRIES OPENNESS PARTNER COUNTRIES PATENTS PER CAPITA INCOME POSITIVE EFFECTS PRIVATE SECTOR PRIVATIZATION PROCESS OF CONVERGENCE PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PROTECTION OF INTELLECTUAL PROPERTY RIGHTS PUBLIC DEBATE REAL EXCHANGE RATE REAL EXCHANGE RATE VOLATILITY REAL GDP REAL INCOME REGIONAL LEVEL REGIONAL TRADE REGIONAL TRADE INTEGRATION RULES OF ORIGIN SAFEGUARD DUTIES SOCIAL SECURITY SOUTH AMERICA SUBSIDIARY SUBSIDIARY RIGHTS TARIFF PREFERENCES TARIFF RATES TARIFF STRUCTURE TAX REFORM TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE AGREEMENT TRADE AGREEMENTS TRADE BARRIERS TRADE CREATION TRADE DIVERSION TRADE EXPANSION TRADE FLOWS TRADE IMPACT TRADE INTERDEPENDENCE TRADE LAWS TRADE NEGOTIATIONS TRADE REFORMS UNEMPLOYMENT UNILATERAL EFFORTS UNILATERAL REFORMS UNILATERAL TRADE UNILATERAL TRADE LIBERALIZATION UNILATERAL TRADE REFORMS WAGE DIFFERENTIALS WAGE DISTRIBUTION WORLD TRADE
Online Access:	http://documents.worldbank.org/curated/en/2004/11/6431947/lessons-nafta-latin-america-caribbean http://hdl.handle.net/10986/14457

Description
Summary:	Analyzing the experience of Mexico under the North American Free Trade Agreement (NAFTA), "Lessons from NAFTA" aims to provide guidance to Latin American and Caribbean countries considering free trade agreements with the United States. The authors conclude that the treaty raised external trade and foreign investment inflows and had a modest effect on Mexico's average income per person. It is likely that the treaty also helped achieve a modest reduction in poverty and an improvement in job quality.

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