Toward a North American Community Lessons from the Old World for the New

The Mexican peso crisis that struck in late December 1994 coincided with a new Mexican administration and the end of the first year of the North American Free Trade Agreement (NAFTA). The crisis poignantly highlighted the success and the inadequacy of the treaty-success in the expansion of trade and capital flows, and inadequacy in institutional capacity. The Canadian, Mexican, and US governments defined the agreement so narrowly that they failed to devise a mechanism that could monitor, anticipate, plan, or even respond to such a serious problem. The centerpiece of the book is a detailed proposal for new institutions and "North American plans" for infrastructure and transportation, immigration and customs, and projects aimed at lifting the poorer regions. It will be of considerable interest to policymakers as well as researchers and students of international political economy, world trade, and foreign affairs.Pastor, Robert is the author of 'Toward a North American Community Lessons from the Old World for the New' with ISBN 9780881323283 and ISBN 0881323284.