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Lessons from NAFTA for Latin America and the Caribbean

Author

Listed:
  • Daniel Lederman
  • William F. Maloney
  • Luis Servén

Abstract

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.

Suggested Citation

  • Daniel Lederman & William F. Maloney & Luis Servén, 2004. "Lessons from NAFTA for Latin America and the Caribbean," World Bank Publications - Books, The World Bank Group, number 14457, December.
    • Handle: RePEc:wbk:wbpubs:14457
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    References listed on IDEAS

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