INTB 3355 Lecture Notes - Lecture 2: Smallholding, Air Conditioning, Autarky
10 Oct 2017
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The north american free-trade agreement is ten years old this week. It has proved a success, though not in the way its advocates promised. Dec 30th 2003 | mexico city and washington, dc | from the economist print edition. From the start, the north american free-trade agreement was bitterly controversial in all three of the countries taking part the united states, canada and mexico. Its terms, which went into effect on january 1st. 1994, were argued over line by line: despite its name, the agreement fell far short of scrapping all trade restrictions, and the fine print of the various exemptions and exclusions gave rise to heated argument. More than this, the agreement was attacked as bad in principle. Everybody recognised that nafta was an extraordinarily bold attempt to accelerate economic integration or, as critics put it, an experiment in reckless globalisation.
