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[Since the North American Free Trade Agreement (NAFTA) came into ruling, it has been perceived by their respective political elites and public opinion, at least in Canada and Mexico, as a mechanism geared to the integration of the three economies. Canadians talk about formalizing, through NAFTA, the continentalization of their economy, that is, the deepening of their integration south of the border rather than diversifying the economic links with other countries. The continentalization process aimed to raise Canadian productivity and living standards in Canada. Mexicans talk, since 1992, when negotiations for a NAFTA were completed, of renewing their path towards economic growth thanks to north-bound integration. NAFTA locked in an outward-oriented economic model that substituted the state-centered import-substitution strategy that prevailed in Mexico after World War II until the mid eighties.]
Published: Nov 24, 2015
Keywords: World Trade Organization; North American Free Trade Agreement; Trade Regime; Washington Consensus; Disciplinary Mechanism
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