THE IMPACT OF NAFTA IN MEXICO

Authors

  • Hesti Eka Denata UIN Sunan Ampel Surabaya
  • Novera Luthfiani UIN Sunan Ampel Surabaya
  • Fatimatuz Zahro UIN Sunan Ampel Surabaya

DOI:

https://doi.org/10.15642/siyar.2023.3.2.131-141

Keywords:

Regionalism, NAFTA, Mexican Economy

Abstract

This research paper aims to analyze the impact of regionalism and the North American Free Trade Agreement (NAFTA) trading system on the Mexican economy. This analysis uses Mexican economic data from before and after the implementation of NAFTA to analyze its impact on the Mexican economy. Mexico experienced good economic growth after the implementation of NAFTA. Although the impact was not evenly distributed across all economic sectors, the manufacturing and export sectors experienced good growth as NAFTA provided easier access to the US market. The positive impact of the implementation of NAFTA on the Mexican economy was an increase in the flow of foreign investment into Mexico. This agreement opened the door for foreign companies to invest and help in the development of certain sectors such as manufacturing and automotive in Mexico. However, Mexico also faces challenges with the NAFTA agreement. One of them is vulnerability to international market instability and the United States' changing trade policies. In addition, some sectors of the Mexican economy still face systematic barriers and inequities in the distribution of economic benefits.

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References

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Published

2023-07-01

How to Cite

Hesti Eka Denata, Novera Luthfiani, & Fatimatuz Zahro. (2023). THE IMPACT OF NAFTA IN MEXICO. SIYAR Journal, 3(2), 131–141. https://doi.org/10.15642/siyar.2023.3.2.131-141

Issue

Vol. 3 No. 2 (2023): SIYAR Journal

Section

Articles

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Copyright (c) 2023 Hesti Eka Denata, Novera Luthfiani, Fatimatuz Zahro

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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.