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NAFTA and the Future of Canada, Mexico and the United States
By Marc Lanthemann The 20th anniversary of NAFTA's implementation on Jan. 1 has revived some of the perennial arguments that have surrounded the bloc since its inception. The general consensus has been that the trade deal was a mixed bag, a generally positive yet disappointing economic experiment. That consensus may not be wrong: The history of the North American Free Trade Agreement as an institution has been one of piecemeal, often reluctant integration between three countries with a long tradition of protectionism and fierce defense of economic national sovereignty. While NAFTA was a boon for certain sectors of the economy, particularly the U.S. agriculture industry, the net effect of the world's second-largest trade bloc remains somewhat unknown. Read more » |
