The North American Free Trade Agreement

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The North American Free Trade Agreement, or NAFTA, which was signed into law by President Bill Clinton on December 8th, 1993, went into effect on January 1st, 1994. By December of 1994, Mexico underwent a deep economic crisis, which saw the devaluation of the Mexican peso, a deterioration of wages, rampant unemployment, as well as extensive personal and corporate bankruptcies that led to the poverty and malnutrition of many of its citizens. As we explore the economic effects that NAFTA has had on Mexico, we must consider what economic disparity has meant for the citizens of Mexico, and how it has impacted migration patterns from Mexico to the United States.
Under NAFTA, Mexico 's per capita GDP (Gross Domestic Product) has grown twenty-two percent, from $10,238 in 1980 to $14,400 in 2010, an increase which is less than the growth rate average for all other Latin American countries, which has hovered at thirty-three percent during that thirty-year period. In that same period, the United States has seen a GDP growth well above that of Mexico, at sixty-six percent. Furthermore, enacting NAFTA has provided Mexico the slowest rate of economic growth out of all previous economic strategies since the 1930 's; under NAFTA, Mexico 's GDP grew at a meager .89 percent per year. Still, some economists consider NAFTA a success, due to the GDP growth in the United States and Canada. What these economists fail to consider is the fact that the jobs created in Mexico are not luxurious, or
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