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A NAFTA Dividend: A Guaranteed Minimum Income for North America

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  • Howard Michael W.

    (University of Maine)

Abstract

This paper explores the desirability and feasibility of a minimum income for the North American Free Trade Agreement (NAFTA) region. I review arguments in support of a basic income or a negative income tax for the European Union (EU). Then I examine ways in which the NAFTA countries do and do not resemble the EU in aspects relevant for the desirability and feasibility of a regional basic income. I argue that a case can be made for a North American guaranteed income, grounded, with respect to desirability, in a globalist theory of justice, and with respect to feasibility, in the necessity of moderating the flow of labor migration. A universal regional basic income is a useful tool for regional development that is fair and that insures better than does the current NAFTA that cooperation benefits the least advantaged.

Suggested Citation

  • Howard Michael W., 2007. "A NAFTA Dividend: A Guaranteed Minimum Income for North America," Basic Income Studies, De Gruyter, vol. 2(1), pages 1-23, June.
    • Handle: RePEc:bpj:bistud:v:2:y:2007:i:1:n:4
    DOI: 10.2202/1932-0183.1043
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    Cited by:

    1. Jordan Bill, 2008. "Basic Income and Economic Integration," Basic Income Studies, De Gruyter, vol. 2(2), pages 1-13, January.
    2. Krozer, Alice, 2010. "A regional basic income: towards the eradication of extreme poverty in Central America," Sede Subregional de la CEPAL en México (Estudios e Investigaciones) 25938, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Fischer Yannick, 2020. "Basic Income, Labour Automation and Migration – An Approach from a Republican Perspective," Basic Income Studies, De Gruyter, vol. 15(2), pages 1-034, December.

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