NAFTA and Mexican Economic Liberalization

Flashcards about NAFTA and Economic Liberalization in Mexico

What does NAFTA stand for, and what was Trump's stance on it?

North American Free Trade Agreement; Trump was anti-NAFTA and proposed USNCA.

How did NAFTA affect the application of economic liberalization in Mexico?

Increased push-pull dynamic between attractiveness for foreign investment/extractive activity and collectivist policies.

What was the 'Mexican miracle'?

Growth of the Mexican economy due to the growth of the manufacturing sector.

What are Maquiladoras in the context of NAFTA?

Factories on the US border that benefited from NAFTA loopholes, providing more advantageous labor.

What is the definition of 'Economic Liberalization' in the context of Mexico?

Lessening government involvement and restrictions within a country, shifting to a market-oriented economy.

What policies are associated with economic liberalization?

Reduction of tariffs, encouragement of foreign direct investments, deregulation, privatizing state-owned enterprises, involvement in supranational economic organizations.

What is the IMF and what did it coincide with?

International Monetary Fund, coincided with political liberalization.

What and where are 'Maquilapolis'?

Large factories on the US-Mexico border, started in the 1960s, offered better pay and migrant work opportunities.