North American Free Trade

In this volume, George Grayson illuminates the campaign for and against the agreement, leading to the crucial, fingernail-biting vote in the House of Representatives in November 1993.

Examines negotiation of the North American Free Trade Agreement. Analyses issues involved and provides policy recommendations through study of the potential impact and critical factors concerning trade, investment, labour, the environment, and intellectual property. Also covers the impact upon and adjustments required in major industrial sectors - energy, steel, automobiles, textiles and apparel, agriculture, and the financial system.

The proposed North American Free Trade Agreement (NAFTA) represents a historic change in relations among Canada, Mexico, and the United States. The effect of the agreement on the three economies has generated controversy and some degree of alarm within each country. In this book, noted trade and development experts review the available literature on the effects of NAFTA on the three member countries and the world trading system. They evaluate how NAFTA will affect areas such as economic growth, employment, income distribution, industry, and agriculture in Canada, Mexico, and the United States; and consider the significance the trade agreement holds for the rest of the world. Drusill K. Brown begins the discussion by providing an overview and comparison of the general results from recent studies. Raúl Hinojosa-Ojeda and Sherman Robinson explore in greater detail the potential effects of NAFTA on wages and employment in Mexico and the United States. Sidney Wintrab reviews industry-specific effects of NAFTA, in particular, the environment, the social agenda, and human rights and democracy. Finally, Carlos Alberto Primo Braga considers the implications of NAFTA on the rest of the world. Following each of these chapters, international scholars assess the alternatives and provide recommendations for future research.

As the prime force behind trade throughout the Western Hemisphere, the United States is emerging with two trade projects--the newly-signed North American Free Trade Agreement and the projected New American Community. This volume provides a clear, concise guide to all aspects of the 5-volume NAFTA accord, its side agreements, and the unfolding New American Community. It covers specific issues, rationalizations, ideologies, controversies, and recommended actions. With special emphasis on the North American Free Trade Agreement, the volume will provide a major resource for both academics and decision makers in industry and government. Written by a leading authority on U.S. Latin American trade, the volume includes entries, arranged alphabetically, on NAFTA and other trade-related topics. The NAFTA entries are based on the five-volume treaty or official government and nongovernmental publications. Since the New American Community is still emerging, the non-NAFTA entries are interpolations from past trade accords and existing nationwide agreements or ideas based on global concepts and directives, especially the European Union.