North American Free Trade: Assessing the Impact

In This Review

North American Free Trade: Assessing the Impact

Edited by Nora Lustig, Barry B. Bosworth and Robert Z. Lawre
Brookings, 1992
274 pp. $0.00
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A conference concentrating on the comparison of quantitative studies produced "a consensus that the direct economic effects of NAFTA will be small for both Mexico and the United States." But, say the editors, this kind of "static analysis" misses many of the more important dynamic elements of NAFTA, such as the effects of a large inflow of new capital and the return of capital that fled Mexico in the early 1980s.