This work explains the theoretical, historical and political background of the North American Free Trade Agreement (NAFTA), covering its impact and the debates surrounding its existence. The authors also introduce the theory of economic integration and post-war economic management.

North America is steering a new course, with the United States, Canada, and Mexico moving toward continental economic, integration. This book examines basic value changes that are' transforming economic, social, and political life in these three countries, demonstrating that they are gradually adopting an increasingly compatible cultural perspective. A narrow nationalism, dominant since the 19th century, has slowly been giving way to a more cosmopolitan sense of identity. As old economic boundaries become outmoded, a North American perspective makes greater sense. To what extent, then, do the three North American publics - I each with its own heterogeneities and tensions - share a common culture? That question can only be answered if we have some yardstick by which to measure their cultural similarity. These societies are far from identical. But data from the 1990- 1991 World Values survey, drawn from 43 societies around the world, show that on crucial topics, the core values of the American public are significantly closer to those of the Canadians and (to a somewhat lesser extent) to those of the Mexicans, than they are to those of most other peoples in the world. Furthermore, time series evidence indicates that the values of the three North American publics have been converging. This book draws on a unique body of directly comparable cross-national and cross-temporal survey evidence to show that what Americans, Canadians, and Mexicans want out of life is changing in analogous ways. These changes, coupled with sociostructural transformations, are reshaping peoples' feelings about national identity, about trusting each other, and about the balance between economic and non-economic goals. North American economic integration is being reinforced by the gradual emergence of increasingly similar cultural values.

When it came into force in 1994, the North American Free Trade Agreement (NAFTA) joined the economic futures of Canada, Mexico, and the United States, with systematic rules governing trade and investment, dispute resolution, and economic relations. However, economic integration among the three countries extends considerably beyond trade and investment. The NAFTA agreement takes a very narrow view of integration, barely addressing such vital issues as immigration policy and labor markets, the energy sector, environmental protection, and law enforcement. The governments of Canada, Mexico, and the United States now must confront the question of whether NAFTA is enough. Do they want to keep their trilateral relationship focused on economic matters or are they interested in integrating more deeply—perhaps initiating a process to build a North American Community similar to the European Union? This volume contains thoughtful discussions about the future of North America by knowledgeable experts from each of the three countries. Robert Pastor has written one of the more comprehensive books on the subject, Toward a North American Community (Institute for International Economics, 2001). Andrés Rozental is an ambassador at large for Mexico and president of Consejo Mexicano de Asuntos Internationacionales, the country's leading foreign policy association in Mexico. Perrin Beatty is a former foreign minister of Canada and currently the president and CEO of the Canadian Manufacturers and Exporters. The governments of Canada, the United States, and Mexico face thorny challenges as they decide whether and how to accelerate smooth, and institutionalize the integration process. Pastor, Rozenthal, and Beatty encourage greater dialogue among the three governments and their citizens, as well as more systematic thinking among policymakers and citizens about the promise and challenges of further North American integration. This volume considers the promise and challenges o

This is an examination of both the advantages and the problems posed by the notion of a North American economic union. Scholars and government representatives from the United States, Canada and Mexico exchange views and explore not just the economic implications but also the likely social and political consequences of economic integration. A varie

North America is steering a new course, with the United States, Canada, and Mexico moving toward continental economic, integration. This book examines basic value changes that are' transforming economic, social, and political life in these three countries, demonstrating that they are gradually adopting an increasingly compatible cultural perspective. A narrow nationalism, dominant since the 19th century, has slowly been giving way to a more cosmopolitan sense of identity. As old economic boundaries become outmoded, a North American perspective makes greater sense. To what extent, then, do the three North American publics - I each with its own heterogeneities and tensions - share a common culture? That question can only be answered if we have some yardstick by which to measure their cultural similarity. These societies are far from identical. But data from the 1990- 1991 World Values survey, drawn from 43 societies around the world, show that on crucial topics, the core values of the American public are significantly closer to those of the Canadians and (to a somewhat lesser extent) to those of the Mexicans, than they are to those of most other peoples in the world. Furthermore, time series evidence indicates that the values of the three North American publics have been converging. This book draws on a unique body of directly comparable cross-national and cross-temporal survey evidence to show that what Americans, Canadians, and Mexicans want out of life is changing in analogous ways. These changes, coupled with sociostructural transformations, are reshaping peoples' feelings about national identity, about trusting each other, and about the balance between economic and non-economic goals. North American economic integration is being reinforced by the gradual emergence of increasingly similar cultural values.

Modeling North American Economic Integration presents descriptions of the models and the central results obtained by four teams of economic modelers who analyze the impact of the North American Free Trade Agreement (NAFTA) on the economies of Canada, Mexico and the USA. Preliminary versions of these four modeling efforts were presented at a conference with the same title as the book, held in March 1991 at the Federal Reserve Bank of Minneapolis and sponsored by El Colegio de Mexico and the Institute for Empirical Macroeconomics. The book also includes a Foreword by Jaime Serra-Puche, the former Secretary of Trade and Industrial Development in Mexico and that country's chief negotiator of NAFTA, plus two essays by the editors. The first provides an overview and discussion of the results obtained by the modeling groups, and the second provides a critical survey of the sort of applied general equilibrium model employed by these groups. A final chapter discusses the results of the models in relation to the 1994-95 financial crisis in Mexico.