Abstract Contrary to the promises of the leaders who promoted it, NAFTA did not make Mexico converge to the United States in per capita income, nor did it solve Mexico's employment problems or stem the flow of migration. NAFTA did foster greater U.S.–Mexican integration and helped transform Mexico into a major exporter of manufactured goods. The benefits for the Mexican economy were attenuated, however, by heavy dependence on imported intermediate inputs in export production, as well as by Chinese competition in the U.S. market and domestically. The long-run increase in manufacturing employment in Mexico (about 400,000 jobs) was small and disappointing, while U.S. manufacturing employment plummeted by 5 million—but more because of Chinese imports than imports from Mexico. In both Mexico and the United States, real wages have stagnated while productivity has continued to increase, leading to higher profit shares and a tendency toward greater inequality. Show Journal Information International Journal of Political Economy is an international peer-reviewed journal that publishes scholarly research in all traditions of political economy. The journal welcomes individual contributions from a critical perspective, as well as suggestions for special thematic issues in all fields of political economy internationally. Publisher Information Building on two centuries' experience, Taylor & Francis has grown rapidlyover the last two decades to become a leading international academic publisher.The Group publishes over 800 journals and over 1,800 new books each year, coveringa wide variety of subject areas and incorporating the journal imprints of Routledge,Carfax, Spon Press, Psychology Press, Martin Dunitz, and Taylor & Francis.Taylor & Francis is fully committed to the publication and dissemination of scholarly information of the highest quality, and today this remains the primary goal. Rights & Usage This item is part of a JSTOR Collection. Debate continues over the benefits of U.S. trade with Mexico, the North American Free Trade Agreement (NAFTA), and particularly maquiladoras, or cross-border production sharing plants. Maquiladoras generate a large portion of U.S.-Mexico trade, yet the economic effects are not widely understood. Many believe there is no benefit to such trade because it leads to the loss of U.S. jobs, production, and wages. Maquiladora products, however, have a high U.S. content that in addition to fostering productivity gains in both countries, may actually minimize the loss of U.S. jobs by allowing the higher paying jobs to stay at home rather than be shipped entirely abroad, for example, to Asia. Still, adjustment to globalized production creates challenges, particularly in addressing the plight of low-skilled workers who become unemployed. Research, however, continues to point to domestic rather than trade policy for the likely solutions, particularly the emphasis on education and training programs. 98-66 E CRS-2 CRS-3 CRS-4 CRS-5 CRS-6 EveryCRSReport.com What is the best example of the harmonization of international law?The most prominent example of harmonisation in international law is UNCITRAL (United Nations Commission on International Trade Law).
What legal advantage does the international business community perceive in conducting business in Hong Kong?What legal advantage does the international business community perceive in conducting business in Hong Kong compared to other regions in China? It operates according to the rule of law.
What commonly used variable measures where and how fast internationalization is taking place?One variable commonly used to measure where and how fast internationalization takes place is the increase in total foreign direct investment.
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