The North American Free Trade Agreement and Mexican Monopolies
January 11, 2016
Supporters of the North American Free Trade Agreement (NAFTA) among Canada, the United States and Mexico predicted the pact would boost Mexico\'s economic growth and raise the living standards of its people. However, though the agreement became effective January 1, 1994, the promised economic benefits have not been fully realized -- despite the fact that the NAFTA economies make up one of the largest trading blocs in the world, with a combined annual gross domestic product of more than $19 trillion.
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