Nafta As a Model of Development: The Benefits and Costs of Merging High and Low Wage Areas

Belous, Richards S./ Lemco, Jonathan (Editor)

ISBN 10: 0791425703 / ISBN 13: 9780791425701

Published by State Univ of New York Pr, 1995

About this Item

216 pages. 9.25x6.00x0.50 inches. In Stock.

Seller Inventory # zk0791425703

Bibliographic Details

• Title: Nafta As a Model of Development: The Benefits and Costs of Merging High and Low Wage Areas
• Publisher: State Univ of New York Pr
• Publication Date: 1995
• Language: English
• ISBN 10: 0791425703
• ISBN 13: 9780791425701
• Binding: Paperback
• Condition: Brand New
• Weight: 0.32 kilograms

About this title

Synopsis

This book discusses the North American Free Trade Agreement (NAFTA) in terms of its implications for job creation, reduced tariffs, and increased investment. Although the regional trading blocs merging in Europe, North America, and East Asia differ strikingly, there is one basic feature common to each--the formation of regional trading blocs involves a uniting of high- and low-wage areas. The authors address this issue directly, questioning whether NAFTA will promote upward or downward convergence of compensation rates, unit labor costs, and benefit levels. Equally important, they consider whether this trading arrangement will promote economic growth, investment, and efficiency. Viewpoints from the U.S., Canada, and Mexico and from the business and labor communities are included.

About the Author

Richard S. Belous is Vice President and Chief Economist at the National Planning Association and Adjunct Professor at George Washington University. Jonathan Lemco is Executive Director of the International Center for Family Enterprise, a Senior Fellow at the National Planning Association, and Adjunct Professor for Political Science at Johns Hopkins University-SAIS.