This presentation gives a bird's eye view of the consequences of the adoption of trade liberalization policies in Mexico in 1985 followed by signing of NAFTA. It traces the performance post liberalization from a historical and cross country perspective to show that while some macroeconomic performance indicators have improved ( low inflation, dynamic non oil exports), many of the long term constraints to growth have not been removed and given the existing scenario, the Mexican economy is still far from catching up with the developed world.

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October 29, 2006.