5 Reasons Mexican Workers Would Cheer the Demise of NAFTA

During its 24 years, NAFTA has helped to widen inequalities in Mexico, Canada and the United States alike-and to play workers in the three countries against each other.Since the pact went into effect, inequality in Mexico has risen to levels at triple the OECD average, while about half of the popula...

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Bibliographic Details
Published inForeign Policy in Focus p. N_A
Main Author Perez-Rocha, Manuel
Format Report
LanguageEnglish
Published Washington Inter-Hemispheric Resource Center Press 28.02.2018
Subjects
Agriculture
Companies
Inequality
International economic organizations
International trade
Labor standards
Manufacturing
Middle class
North American Free Trade Agreement
Obesity
Poverty
Presidential elections
Trade agreements
Wages & salaries
Workers
Canada
United States > US
Mexico
North America
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Summary:During its 24 years, NAFTA has helped to widen inequalities in Mexico, Canada and the United States alike-and to play workers in the three countries against each other.Since the pact went into effect, inequality in Mexico has risen to levels at triple the OECD average, while about half of the population remains in poverty.According to small and medium business leaders in the country, more than 600,000 companies have gone bankrupt during the current administration alone, and only 5 percent of Mexicós companies export. 2.According to one study, in fact, a stunning 99 percent of Mexico's imports of corn come from the heavily subsidized U.S agriculture industry.NAFTA made Mexico the most obese country in Latin America.Because the initial promises for NAFTA utterly failed, the new spin is to hype its "consumer benefits."
ISSN:1524-1939