NAFTA: Past, Present and Future

Journal of Economic Asymmetries, Vol. 5, pp. 13 - 23, 2008.

8 Pages Posted: 17 Jan 2008 Last revised: 25 Feb 2009

See all articles by Alexander Kondonassis

Alexander Kondonassis

Temple University - Department of Economics

A. (Tassos) G. Malliaris

Loyola University of Chicago - Department of Economics

Chris Paraskevopoulos

York University

Abstract

The North American Free Trade Agreement (NAFTA) - an extension of the Free Trade Agreement (FTA) between Canada and USA to include Mexico - went into effect on January 1, 1994, primarily as an agreement to eliminate restrictions on trade and investment over the course of twelve years. NAFTA is a trade agreement and after twelve years remains as such with limited prospects, if any, of widening or deepening the integration process. Despite its narrow scope, the agreement became, from the start, controversial - and continues to be so - not only for trade and investment matters but for a whole host of other related issues. The other related issues include: the dispute settlement mechanism and side agreements on labor and environmental issues.

Keywords: North American Free Trade Agreement, NAFTA, Canada,Mexico, United States, trade, investment, agricultural integration, monetary integration

JEL Classification: F03, F15, F31

Suggested Citation

Kondonassis, Alexander and Malliaris, A. (Tassos) G. and Paraskevopoulos, Chris, NAFTA: Past, Present and Future. Journal of Economic Asymmetries, Vol. 5, pp. 13 - 23, 2008.. Available at SSRN: https://ssrn.com/abstract=1084662

Alexander Kondonassis

Temple University - Department of Economics ( email )

Philadelphia, PA 19122
United States

A. (Tassos) G. Malliaris (Contact Author)

Loyola University of Chicago - Department of Economics ( email )

16 E. Pearson Ave
Quinlan School of Business
Chicago, IL 60611
United States
312-915-6063 (Phone)

Chris Paraskevopoulos

York University ( email )

4700 Keele Street
Toronto, Ontario M3J 1P3
Canada

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