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After
more than fifteen years of economic reforms
and ten since the NAFTA was set in motion,
the integration of the Mexican economy
with that of the United States has not
yet crystallized. The NAFTA agreement
included the specific goal of reducing
migration toward the United States, an
objective that could be achieved if the
convergence between these two economies
were under way. The convergence process
was to be invigorated by both foreign
trade liberalization and structural reforms.
This paper seeks to examine if there has
been a trend towards convergence in the
per capita income of NAFTA member countries.
May 5, 2004. |
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