North American Free Trade: Assessing the Impact

Overview

The proposed North American Free Trade Agreement (NAFTA) represents a historic change in relations among Canada, Mexico, and the United States. The effect of the agreement on the three economies has generated controversy and some degree of alarm within each country. In this book, noted trade and development experts review the available literature on the effects of NAFTA on the three member countries and the world trading system. They evaluate how NAFTA will affect areas such as economic growth, employment, income...
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Overview

The proposed North American Free Trade Agreement (NAFTA) represents a historic change in relations among Canada, Mexico, and the United States. The effect of the agreement on the three economies has generated controversy and some degree of alarm within each country. In this book, noted trade and development experts review the available literature on the effects of NAFTA on the three member countries and the world trading system. They evaluate how NAFTA will affect areas such as economic growth, employment, income distribution, industry, and agriculture in Canada, Mexico, and the United States, and consider the significance the trade agreement holds for the rest of the world. Drusilla K. Brown begins the discussion by providing an overview and comparison of the general results from recent studies. Raul Hinojosa-Ojeda and Sherman Robinson explore in greater detail the potential effects of NAFTA on wages and employment in Mexico and the United States. Sidney Weintraub reviews industry-specific effects of NAFTA, while Tim Josling explores how the trade agreement specifically will affect agriculture. Robert A. Pastor looks at the noneconomic issues of NAFTA, in particular, the environment, the social agenda, and human rights and democracy. Finally, Carlos Alberto Primo Braga considers the implications of NAFTA on the rest of the world. Following each of these chapters, international scholars assess the alternatives and provide recommendations for future research.
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Editorial Reviews

Booknews
Based on papers presented at a Brookings Institution conference held in April 1992, entitled NAFTA: an Assessment of the Research. Noted trade and development experts review the available literature on the effects of the proposed North American Free Trade Agreement, and suggest that the agreement constitutes a net plus for all three countries (Canada, US, Mexico) involved. Paper edition (unseen), $10.95. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780815753155
  • Publisher: Brookings Institution Press
  • Publication date: 9/28/1992
  • Pages: 274
  • Product dimensions: 5.99 (w) x 9.12 (h) x 0.82 (d)

Table of Contents

Introduction 1
The Impact of a North American Free Trade Area: Applied General Equilibrium Models 26
Comment 58
Comment 63
Labor Issues in a North American Free Trade Area 69
Comment 98
Comment 101
Modeling the Industrial Effects of NAFTA 109
Comment 133
Comment 135
NAFTA and Agriculture: A Review of the Economic Impacts 144
Comment 168
NAFTA as the Center of an Integration Process: The Nontrade Issues 176
Comment 199
NAFTA and the Rest of the World 210
Comment 235
Comment 238
Discussion 250
Discussion 253
Principal Contributors 263
Discussants and Panelists 265
Index 267
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