
Trade Issues | |
Mexico Goes Global Under NAFTA |
A decade ago, Mexican businessmen feared they would be crushed by U.S. competition if the North American Free Trade Agreement were adopted. Instead, they learned from their American partners and competitors, alike -- turning themselves into export powerhouses and disciples of globalization.
Experts say that NAFTA unleashed Mexico as an exporter and made Mexico's businessmen more aware of world markets. Those and similar developments have helped sustain annual economic growth rates of 4 percent in recent years and have added more than a million industrial jobs to the work force. Source: Joel Millman, "The World's New Tiger on the Export Scene Isn't Asian; It's Mexico," Wall Street Journal, May 9, 2000. For more on NAFTA http://www.ncpa.org/pd/trade/trade6.html |