Unprecedented Disparities, Unparalled Adjustment Needs: Winners and Losers on the NAFTA 'Fast Track'

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Abstract
History will record the almost-frenzied pace with which negotiators from Mexico, the United States, and Canada have proceeded to draft a treaty that will change drastically the nature of economic relations among the three nations. Three nations with severe social and economic problems, declining competitiveness in the global economy, and virtually no plans for remedying their domestic shortcomings have rushed to drop their borders. Ironically, this act will further reduce their ability to provide domestic remedies for their current problems. It casts these three economies into the unpredictable winds of free trade precisely at a time when a truly-conservative policy would have dictated economic reform at home and efforts to resolve, first, the major domestic crises in each.

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