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The political economy of a North–South trade agreement and the development prospects for Mexico: from NAFTA to USMCA

The political economy of a North–South trade agreement and the development prospects for Mexico:... In the 1980s, Mexico switched from a policy of import substitution to export-oriented development. From 1994, it participated in a North–South free trade agreement with the United States and Canada (North American Free Trade Agreement – NAFTA). The agreement strongly reflected the asymmetric power of the three participants, although some Mexico’s regions served as production platforms in global value chains. Under NAFTA, Mexico’s overall growth was insipid, yet a trade surplus with the United States was the excuse for Donald Trump’s government to impose a renegotiation that led in 2020 to a new agreement (US, Mexico, Canada Agreement – USMCA) with terms yet more favourable to the United States. In the light of this experience and the political and economic factors that explain it, this paper studies to the need to get Mexico’s trade policies right through permanent consideration to the development needs in the country. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Area Development and Policy Taylor & Francis

The political economy of a North–South trade agreement and the development prospects for Mexico: from NAFTA to USMCA

Trejo-Nieto, Alejandra
Area Development and Policy , Volume 8 (1): 22 – Jan 2, 2023
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22 pages

The political economy of a North–South trade agreement and the development prospects for Mexico: from NAFTA to USMCA

Abstract

In the 1980s, Mexico switched from a policy of import substitution to export-oriented development. From 1994, it participated in a North–South free trade agreement with the United States and Canada (North American Free Trade Agreement – NAFTA). The agreement strongly reflected the asymmetric power of the three participants, although some Mexico’s regions served as production platforms in global value chains. Under NAFTA, Mexico’s overall growth was insipid, yet a...
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Publisher
Taylor & Francis
Copyright
© 2022 Regional Studies Association
ISSN
2379-2957
eISSN
2379-2949
DOI
10.1080/23792949.2022.2107034
Publisher site
See Article on Publisher Site

Abstract

In the 1980s, Mexico switched from a policy of import substitution to export-oriented development. From 1994, it participated in a North–South free trade agreement with the United States and Canada (North American Free Trade Agreement – NAFTA). The agreement strongly reflected the asymmetric power of the three participants, although some Mexico’s regions served as production platforms in global value chains. Under NAFTA, Mexico’s overall growth was insipid, yet a trade surplus with the United States was the excuse for Donald Trump’s government to impose a renegotiation that led in 2020 to a new agreement (US, Mexico, Canada Agreement – USMCA) with terms yet more favourable to the United States. In the light of this experience and the political and economic factors that explain it, this paper studies to the need to get Mexico’s trade policies right through permanent consideration to the development needs in the country.

Journal

Area Development and Policy – Taylor & Francis

Published: Jan 2, 2023

Keywords: US; Mexico; Canada Agreement (USMCA); North–South trade agreements; North America; balanced development; asymmetric power; 《美墨加三国协议》; 南北贸易协定; 北美; 均衡发展; 不对称权力; T-MEC; acuerdos comerciales Norte–Sur; América del Norte; desarrollo equilibrado; poder asimétrico; USMCA; торговые соглашения между Севером и Югом; Северная Америка; сбалансированное развитие; асимметричная власть

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