NAFTA and the USA-Colombia FTA: learning from the past?
Back in 1992, a commercial agreement was signed between USA and Mexico (and Canada), which was supposed to promote the economic growth of its members by removing barriers to trade and investment among the three nations. Twenty years later, some studies indicates that the US have lost more jobs than...
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| Format: | Article |
| Language: | English |
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Konrad Lorenz Fundación Universitaria
2012-12-01
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| Series: | Suma de Negocios |
| Subjects: | |
| Online Access: | http://publicaciones.konradlorenz.edu.co/index.php/SumaDeNegocios/article/view/1210 |
| _version_ | 1818420980233535488 |
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| author | Josefa Ramoni-Perazzi Giampaolo Orlandoni-Merli |
| author_facet | Josefa Ramoni-Perazzi Giampaolo Orlandoni-Merli |
| author_sort | Josefa Ramoni-Perazzi |
| collection | DOAJ |
| description | Back in 1992, a commercial agreement was signed between USA and Mexico (and Canada), which was supposed to promote the economic growth of its members by removing barriers to trade and investment among the three nations. Twenty years later, some studies indicates that the US have lost more jobs than those created by the agreement and moved from positive to negative trade balance with Mexico, all that due to American companies reallocating their production in Mexico, limiting the possibilities of higher wage claims for low-income workers in USA. Mexico, on the other hand, has not seen the positive impact on manufacturing wages NAFTA was supposed to exert. Based on this experience, what can be expected from the Free Trade Agreement between USA and Colombia in force since May 2012, since it is expected to achieve similar goals than NAFTA using similar policies? |
| first_indexed | 2024-12-14T13:03:05Z |
| format | Article |
| id | doaj.art-0a1f26140d4048fead8ae066777d2559 |
| institution | Directory Open Access Journal |
| issn | 2215-910X 2215-910X |
| language | English |
| last_indexed | 2024-12-14T13:03:05Z |
| publishDate | 2012-12-01 |
| publisher | Konrad Lorenz Fundación Universitaria |
| record_format | Article |
| series | Suma de Negocios |
| spelling | doaj.art-0a1f26140d4048fead8ae066777d25592022-12-21T23:00:23ZengKonrad Lorenz Fundación UniversitariaSuma de Negocios2215-910X2215-910X2012-12-01363752NAFTA and the USA-Colombia FTA: learning from the past?Josefa Ramoni-PerazziGiampaolo Orlandoni-MerliBack in 1992, a commercial agreement was signed between USA and Mexico (and Canada), which was supposed to promote the economic growth of its members by removing barriers to trade and investment among the three nations. Twenty years later, some studies indicates that the US have lost more jobs than those created by the agreement and moved from positive to negative trade balance with Mexico, all that due to American companies reallocating their production in Mexico, limiting the possibilities of higher wage claims for low-income workers in USA. Mexico, on the other hand, has not seen the positive impact on manufacturing wages NAFTA was supposed to exert. Based on this experience, what can be expected from the Free Trade Agreement between USA and Colombia in force since May 2012, since it is expected to achieve similar goals than NAFTA using similar policies?http://publicaciones.konradlorenz.edu.co/index.php/SumaDeNegocios/article/view/1210NAFTAUSA-Colombia FTAEconomic integration |
| spellingShingle | Josefa Ramoni-Perazzi Giampaolo Orlandoni-Merli NAFTA and the USA-Colombia FTA: learning from the past? Suma de Negocios NAFTA USA-Colombia FTA Economic integration |
| title | NAFTA and the USA-Colombia FTA: learning from the past? |
| title_full | NAFTA and the USA-Colombia FTA: learning from the past? |
| title_fullStr | NAFTA and the USA-Colombia FTA: learning from the past? |
| title_full_unstemmed | NAFTA and the USA-Colombia FTA: learning from the past? |
| title_short | NAFTA and the USA-Colombia FTA: learning from the past? |
| title_sort | nafta and the usa colombia fta learning from the past |
| topic | NAFTA USA-Colombia FTA Economic integration |
| url | http://publicaciones.konradlorenz.edu.co/index.php/SumaDeNegocios/article/view/1210 |
| work_keys_str_mv | AT josefaramoniperazzi naftaandtheusacolombiaftalearningfromthepast AT giampaoloorlandonimerli naftaandtheusacolombiaftalearningfromthepast |