El Blog

NAFTA Turns 20

But what has it done for Mexico lately?:

While it changed the country in some fundamentally ways, the treaty never met many of its sweeping promises to close Mexico’s wage gap with the United States, boost job growth, fight poverty and protect the environment. Mexico’s weak unions and competition from Asia and Central America kept wages down; the tightening of security along the U.S. border closed off Mexico’s immigration ‘escape valve,’ and environmental provisions in the agreement proved less powerful than those protecting investors.

Not to mention the poverty rate in Mexico has grown since NAFTA, making Mexico a rarity among Latin America’s leading countries.

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