Introduction It is known that Mexican trade has expanded significantly since 1983 to date. What has been the contribution of the North American Trade Agreement (NAFTA) to the expansion of Mexican trade? Has the expansion of Mexican trade contributed to the growth of the Mexican Economy? This paper investigates the historical relationship between trade and growth in Mexico, from 1970 to 1998. More specifically, it measures the importance of NAFTA on the opening of the Mexican economy. The above period includes two different stages of the Mexican economy. The first one, from 1970 to 1982, is a baseline for this research and represents the last phase of the industrial-import substation economy, characterized by widespread government interventions in the economy and by the OPEC bonanza. The second stage begins after the debt crisis of 1982 and runs up to the present. It is characterized by economic reforms such as privatization and liberalization of international trade. These economic......
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Approximate Word Count: 2624
Approximate Pages: 11 (260 words per double-spaced page) |