From the Mexican vantage point, foreign direct investment was at the center of the 1994 North American Free Trade Agreement (NAFTA). Mexico hoped that liberalization would bring an influx of U.S. investment which, in turn,…
The 1994 North American Free Trade Agreement (NAFTA) capped Mexico’s ten-year transformation from one of the most closed to one of the most open economies in the world. The hope was that economic integration would…