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    NAFTA revisited : achievements and challenges / Gary Clyde Hufbauer and Jeffrey J. Schott ; assisted by Paul L.E. Grieco and Yee Wong.

    • Title:NAFTA revisited : achievements and challenges / Gary Clyde Hufbauer and Jeffrey J. Schott ; assisted by Paul L.E. Grieco and Yee Wong.
    •    
    • Author/Creator:Hufbauer, Gary Clyde.
    • Other Contributors/Collections:Schott, Jeffrey J., 1949-
    • Published/Created:Washington, DC : Institute for International Economics, 2005.
    • Holdings

       
    • Library of Congress Subjects:Free trade--North America.
      Foreign trade and employment--North America.
      North America--Economic integration.
    • Subject(s):North American Free Trade Agreement (1992 December 17)
    • Description:xvii, 517 pages : ill. ; 23 cm
    • Summary:Annotation NAFTA entered into force in 1994 after a bitter Congressional debate. But NAFTA in operation has proved no less controversial than NAFTA before ratification, for both supporters and opponents of trade liberalization have cited experience with the agreement to justify their positions. To provide a factual basis for this ongoing debate, the authors evaluate NAFTA's performance since its inception, comparing actual experience with both the objectives of the agreement's supporters and the charges of its critics. They examine future challenges and opportunities in the trade and investment relationships among the three partner countries and the broader implications for new trade initiatives throughout the hemisphere. Chapter 1 describes trade, investment, and macroeconomic developments under NAFTA, beginning inauspiciouslywith the Mexican economic crisis of 1994 but moving on to impressive growth in trilateral trade and Mexican GDP. Chapter 2 traces the implementation of NAFTA's dispute settlement provisions and the progress to date in implementing reforms. Chapter 3 distills and updates the findings from NAFTA and the Environment: Seven Years Later and recommends how to improve the performance of NAFTA's institutions in addressing environmental problems. Chapter 4 undertakes a similar assessment of the operations of the North American Agreement on Labor Cooperation and the impact of NAFTA on employment and wages in the region. Chapters 5 and 6 examine integration in the North American auto and energy markets. The final chapter looks forward and focuses on the challenges facing North American economic integration on important issues such as immigration, environment, energy, and exchange rates.
    • Notes:Includes bibliographical references (pages 499-501) and index.
    • ISBN:0881323349 (pbk.)
      9780881323344 (pbk.)
    • Contents:1. Overview
      NAFTA in historical context
      Assessing NAFTA
      The bottom line
      References
      Appendix 1A. NAFTA and trade generation : review of the literature
      Appendix 1B. Trends in Mexican imports since 2000
      2. Labor
      Facts about fears
      NAFTA's labor provisions
      Labor adjustment programs in North America
      Conclusion and recommendations
      References
      Appendix 2A
      3. Environment
      NAFTA's environmental provisions
      Environmental policy trends in North America
      The US-Mexico border
      Conclusions and recommendations
      References
      Appendix 3A
      4. Dispute settlement systems
      Chapter 11
      Chapter 14
      Chapter 19
      Chapter 20
      NAFTA and WTO dispute settlement mechanisms compared
      Outcome of dispute settlement cases
      Conclusion and recommendations
      References
      Appendix 4A
      5. Agriculture
      Overview of agricultural trade in NAFTA
      US-Canada wheat dispute
      The sugar saga
      The corn saga
      Conclusions and recommendations
      References
      Appendix 5A
      6. The automotive sector
      Policy in the auto sector
      North American auto trends
      Conclusion
      References
      Appendix 6A
      7. Energy
      Energy policies in North America
      Medium-term energy outlook
      NAFTA and energy trade
      Recommendations
      References
      8. Mexico-US migration
      Postwar migration policy
      The Immigration Reform and Control Act of 1986
      Mexican immigrants and current trends
      NAFTA and the migration hump
      Formal-sector jobs and migration
      Managing Mexico-US migration
      Conclusions and recommendations
      References
      9. Recommendations for North American economic integration
      Post-September 11 challenges
      Upgrading NAFTA
      Deepening the trade bargain
      Going with the energy flow
      Controls on coming and going
      Where the buck stops
      Updating environment and labor provisions
      Strengthening NAFTA's institutions
      Conclusion
      References
      Acronyms
      Additional readings.
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