The signing of the North American Free Trade Agreement (NAFTA) was expected to signal the beginning of a new era of close co-operation between Mexico and the United States. Subsequent events, however, have introduced new tensions into the relationship. The 1995 economic collapse in Mexico sharply curtailed economic growth and lowered the demand for U.S. exports. The result has been a substantial deficit in U.S. trade with Mexico and renewed arguments that trade with Mexico reduces the employment opportunities of low-skilled workers in the United States. Immigration, both legal and illegal,...
The signing of the North American Free Trade Agreement (NAFTA) was expected to signal the beginning of a new era of close co-operation between Mexico ...
The Uruguay Round trade agreement, recently ratified by Congress, was the eighth in a series of negotiations under the auspices of the General Agreement on Tariffs and Trade (GATT). Like the ratification proceddings, the negotiations were both contentious and extended. In the end, they substantially changed the structure of the GATT. From its traditional emphasis on reducing formal barriers to trade in goods, the GATT has now moved to a broader agenda of issues that will dominate in a more integrated world economy. The new GATT encompasses a set of agreements governing trade in goods, trade...
The Uruguay Round trade agreement, recently ratified by Congress, was the eighth in a series of negotiations under the auspices of the General Agreeme...
Bringing together the often diverse perspectives of international economists, labor economists, and policymakers, this volume analyzes how international trade affects the level and distribution of wages and employment in the United States, examines the need for government intervention, and evaluates
Bringing together the often diverse perspectives of international economists, labor economists, and policymakers, this volume analyzes how internation...
As a territory of the United States, Puerto Rico enjoys the benefits of key U.S. legal, monetary, security, and tariff systems, and its residents are U.S. citizens. In the decades following World War II, Puerto Rico emerged as one of the world's fastest-growing economies. From 1950 to 1970 per capita income nearly doubled as a percentage of the U.S. average, making the island the richest economy in Latin America. Since the mid-1970s, however, labor force attachment has declined, economic growth has slowed, and the island's living standards have fallen further behind those on the mainland....
As a territory of the United States, Puerto Rico enjoys the benefits of key U.S. legal, monetary, security, and tariff systems, and its residents a...
