Tracking nafta`s Shadow 10 Years on: Introduction to the Symposium
The World Bank - International Trade Department
World Bank - Office of the Chief Economist; World Bank - Development Research Group (DECRG)
The World Bank Economic Review, Vol. 19, Issue 3, pp. 335-344, 2005
The North American Free Trade Agreement (nafta) is arguably the first "case study" of what might be expected from the increasing number of preferential trade agreements involving both developed and developing economies. Ten years after the treaty`s inception, it is time to assess how its outcomes compare with initial expectations. The articles in this symposium issue provide insights into the effects of nafta on economic geography, trade, wages and migration, and foreign investment from Mexico`s perspective. The contributions paint a complex post-nafta reality characterized by persistent intrabloc trade barriers, interregional inequality within Mexico, labor market outcomes that seem closely tied to migration patterns and international trade and investment, and foreign investment flows that appear weakly related to trade agreements. nafta seems to be the first trade agreement in history for which the traditional static trade creation or diversion effects are likely negligible-and hard to identify in any case.
Accepted Paper Series
Date posted: February 29, 2008
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