Effects of NAFTA on Mexico

Paper Summary:

In this article, the writer discusses that the implementation of international trade organizations like NAFTA has in fact increased inequality between the rich and the poor. The writer notes that although NAFTA has helped to bring prosperity to industrialized democracies, poorer countries have been left behind. The writer further points out that some economists feel that trade organizations like NAFTA are intended to facilitate Western economic domination over Third World governments and economies.

From the Paper:

"Never before in human history has the world been both so integrated and so divided, for the emergence and development of international trade organizations like NAFTA has integrated global trade while accelerating socioeconomic and political inequality between the rich and the poor. Although many industrialized democracies have thrived and prospered in recent years, many Third World countries like Mexico have been left behind and are mired in debt and poverty. "

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