Lessons From NAFTA for Latin America and the

This publication analyses the experience of Mexico under the North American Free Trade Agreement (NAFTA), and draws lessons for other countries in Latin American and Caribbean region considering free trade agreements with the United States.

Foreword	xv
Acknowledgments	xix
1 LESSONS FROM NAFTA FOR LATIN AMERICAN AND CARIBBEAN COUNTRIES	1	(26)
2 NAFTA AND CONVERGENCE IN NORTH AMERICA: HIGH EXPECTATIONS, BIG EVENTS, LITTLE TIME	27	(50)
3 MACROECONOMIC DYNAMICS AFTER NAFTA: SYNCHRONIZATION, VOLATILITY, AND MACROECONOMIC POLICY COORDINATION	77	(42)
4 NAFTA'S REMAINING TRADE BARRIERS	119	(56)
5 FACTOR MARKETS	175	(72)
6 INNOVATION IN MEXICO: NAFTA IS NOT ENOUGH	247	(42)
7 NAFTA AND THE TRADE FLOWS OF NONMEMBER COUNTRIES	289	(58)
8 THE IMPACT OF NAFTA ON FOREIGN INVESTMENT IN THIRD COUNTRIES	347

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Lessons From NAFTA for Latin America and the Caribbean

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Table of Contents

Supplemental Materials