This paper provides a comprehensive assessment of the impact of NAFTA on growth and business cycles in Mexico. The … effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners … facts and recent empirical research. The paper concludes by drawing lessons from Mexico`s NAFTA experience for policymakers …

September 2001The North American Free Trade Agreement (NAFTA) has had a profound impact on Mexico's economy and … institutions. Mexico's tax reform should be guided not by NAFTA considerations, however, but by the objectives of higher revenues … profound impact on Mexico's economy and institutions. Clearly, no consideration of tax reform can ignore its role. The thinking …