NAFTA: A Broad Economic Perspective

Description

Most economists believe that the main economic benefit of NAFTA will be that, over time, it will increase productivity and incomes in the United States, Mexico and Canada. In this view, living standards of all three countries will be higher than without a NAFTA. In the near term, some reallocation of resources will occur within each country, generating gains for some producers and costs for others. New industries emerge, some industries expand, some contract, and some die. Since the Mexican and Canadian economies are small relative to the U.S. economy, it is expected that both the aggregate benefits and costs … continued below

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Wilson, Arlene November 9, 1993.

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This report is part of the collection entitled: Congressional Research Service Reports and was provided by the UNT Libraries Government Documents Department to the UNT Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 39 times. More information about this report can be viewed below.

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Description

Most economists believe that the main economic benefit of NAFTA will be that, over time, it will increase productivity and incomes in the United States, Mexico and Canada. In this view, living standards of all three countries will be higher than without a NAFTA. In the near term, some reallocation of resources will occur within each country, generating gains for some producers and costs for others. New industries emerge, some industries expand, some contract, and some die. Since the Mexican and Canadian economies are small relative to the U.S. economy, it is expected that both the aggregate benefits and costs of the NAFTA to the United States will be relatively small.

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Congressional Research Service Reports

The Congressional Research Service (CRS) is the public policy research arm of Congress. This legislative branch agency works exclusively for Members of Congress, their committees and their staff. This collection includes CRS reports from the mid-1960's through 2018—covering a variety of topics from agriculture to foreign policy to welfare.

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Creation Date

  • November 9, 1993

Added to The UNT Digital Library

  • June 11, 2005, 5:31 a.m.

Description Last Updated

  • June 11, 2020, 9:16 p.m.

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Wilson, Arlene. NAFTA: A Broad Economic Perspective, report, November 9, 1993; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metacrs54/: accessed August 2, 2021), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.

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