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effect of NAFTA and the GATT on the SDS industry was to help induce Wal-Mart to enter Mexico. Once there, Walmex … new products and processes from their headquarters to Mexico. Finally, although Mexican detergent exports captured an …
Persistent link: https://www.econbiz.de/10012466207
In this paper, we derive three lessons from Mexico's experience. First, deep reforms like trade liberalization are not … elites breaks down. In the case of Mexico, this happened during a fiscal crisis, when some groups tried to displace other …, Mexico limited radical liberalization to the manufacturing sector. The government has only recently begun to undertake …
Persistent link: https://www.econbiz.de/10012473548
Mexico. I disentangle the effects of two opposing forces on regional labor demand: transport-cost considerations, which, all … of the manufacturing belt in and around Mexico City and the formation of broadly specialized industry centers located in … northern Mexico, relatively close to the United States. The North American Free Trade Agreement is likely to reinforce these …
Persistent link: https://www.econbiz.de/10012474215
The collapse of a fixed exchange rate is typically marked by a sudden balance-of-payments crisis in which"speculators" fleeing from the domestic currency acquire a large portion of the central bank's foreign exchange holdings.Faced with such an attack, the central bank often withdraws...
Persistent link: https://www.econbiz.de/10012477999
This paper analyzes the behavior of the current account and the exchange rate in the British economy during the 1970's, and discusses the outlook, as influenced by the availability of oil revenues, for exchange rate developments during the 1980's.Both trade and exchange rate behavior are...
Persistent link: https://www.econbiz.de/10012478822
Trending current accounts pose a challenge for intertemporal open-economy macro models. This paper shows that a two-country representative-agent business cycle model is able to explain the historical time-paths of the US and Japanese current accounts, both of which display trends but in opposite...
Persistent link: https://www.econbiz.de/10012463405
This paper first surveys a number of partial and macroeconomic approaches to the determination of the current account, and then summarizes the evidence from multicountry economic models about the linkages between U.S. government spending and the U.S. current account during the 1 980s. The...
Persistent link: https://www.econbiz.de/10012475722
Mexico, a prominent liberalizer, failed to attain stellar gross domestic product (GDP) growth in the 1990s, and since … 2001 its GDP and exports have stagnated. In this paper we argue that the lack of spectacular growth in Mexico cannot be … extraordinary growth of exports and foreign domestic investment (FDI). The key to the Mexican puzzle lies in Mexico's response to …
Persistent link: https://www.econbiz.de/10012468405
Agreement (NAFTA). Under NAFTA, licenses and quotas that restricted agricultural trade between Mexico and the United States were …
Persistent link: https://www.econbiz.de/10012474130
Mexico. In Section 1. we use comparable measures of three air pollutants in a cross-section of urban areas located in 42 … higher levels of income. Section 2 studies the determinants of the industry pattern of U.S. imports from Mexico and of value … added by Mexico's maquiladora sector. We investigate whether the size of pollution abatement costs in the U.S. industry …
Persistent link: https://www.econbiz.de/10012475074