By 2001, about half of all new jobs created in Mexico since the NAFTA
[will have] stemmed directly from that agreement, fostering a burgeoning middle class of consumers.
FORTUNE INVESTORS' GUIDE, DECEMBER 18, 2000
It may be too soon to judge the long-run success of NAFTA, but early results do reinforce the interdependent nature of the agreement between the three economies (Mexico, United States, and Canada) and the relative level of success attained for business firms, environmental issues, and people. Now, several years since NAFTA took effect, the Mexican border factories have boomed, with employment there rising to over one million. More importantly, many of those jobs are now high-tech, bringing training and a higher standard of living for many Mexicans. Indeed, Mexico's President Vincente Fox, a former Coca-Cola executive, set 2001 budget goals of 4% to 5% GDP growth.
It seems that because of lower labor costs for foreign companies, the devalued peso, and NAFTA-reduced tariff levels, NAFTA had a mitigating effect on the Mexican economic crisis. In a touch of irony, Asia's problems caused some global companies to relocate factories from Asia to Mexico. In fact, Mexico has overtaken mainland China as the volume leader of exports of textiles and garments to the United States. But, do the trade numbers tell it all? Perhaps we can compare perspectives from south and north of the border by looking at some examples and issues.
Comparative Management in Focus Interdependence: The NAFTA Perspectives from the South and the Nort : Managing Interdependence article from Global Management Catagory Comparative Management in Focus Interdependence: The NAFTA Perspectives from the South and the Nort
Comparative Management in Focus Interdependence: The NAFTA Perspectives from the South and the Nort Managing Interdependence article from Managing Interdependence Global Management.Free learning from data about Comparative Management in Focus Interdependence: The NAFTA Perspectives from the South and the Nort Managing Interdependence Global Management Business Management,online business management,business management classes,online business management degrees