Mexico Beyond NAFTA: Perspectives for the European Debate (Routledge Studies in the Modern World Economy)

With European Monetary Union well underway, Europe is starting to look at nearby countries and culturally closer continents to define its strategies for the future. In this book, chapters by leading Mexican economists are matched with reactions from European colleagues. They offer a novel viewpoint on the critical assessment of the North American Free Trade Area (NAFTA) process, and its implications for the economies of the two continents. Book Cover......Page 1 Title......Page 4 Contents......Page 5 List of tables......Page 12 List of figures......Page 15 Acknowledgments......Page 16 Preface......Page 17 Notes on contributors......Page 24 Paths to convergence and monetary union(s)......Page 28 Currency boards and monetary unions: The road ahead or a cul de sac for Mexico's exchange rate policy? DAVID IBARRA AND JUAN CARLOS MORENO-BRID......Page 30 Is a convergence path of monetary policies possible under the North American Free Trade Agreement? LUIS MIGUEL GALINDO AND HORACIO CATALN......Page 48 Comments FRANCESCO FARINA......Page 73 Mexico's foreign sector, the exchange rate, trade and productive structures......Page 78 The external relationship of the Mexican economy with the United States, and its implications beyond trade MARA ELENA CARDERO......Page 80 Exchange rate and competitiveness PABLO RUIZ-NPOLES......Page 105 Vertical integration and comparative advantages FIDEL AROCHE REYES......Page 129 Comments BODO HILGERS AND JRGEN MECKL......Page 142 Sectorial performance in manufacturing, industrial organization and the innovation system during the trade liberalization process......Page 148 Integration and polarization: Mexico's economy since 1988 ENRIQUE DUSSEL PETERS......Page 150 Liberalization policies and Mexico's competitiveness: Are technological capabilities upgraded or downgraded? MARIO CIMOLI......Page 174 Trade integration and sectorial productivity FLOR BROWN AND LILIA DOMNGUEZ......Page 201 Comments: International openness, dualism and growth JEAN-LUC GAFFARD AND MICHEL QUR......Page 217 Regional divergence and structural policies......Page 224 Structural divergence and the dynamics of dualism: Lessons from Mexico before and after NAFTA MARTN PUCHET ANYUL AND LIONELLO F. PUNZO......Page 226 Regional policies in the North American and European integration agreements SRAH MARTNEZ PELLGRINI......Page 270 11......Page 289 Comments OLIVER FABEL AND BODO HILGERS......Page 308 Index......Page 314 Book Cover 1 Title 4 Contents 5 List of tables 12 List of figures 15 Acknowledgments 16 Preface 17 Notes on contributors 24 Paths to convergence and monetary union(s) 28 Currency boards and monetary unions: The road ahead or a cul de sac for Mexico's exchange rate policy? DAVID IBARRA AND JUAN CARLOS MORENO-BRID 30 Is a convergence path of monetary policies possible under the North American Free Trade Agreement? LUIS MIGUEL GALINDO AND HORACIO CATALN 48 Comments FRANCESCO FARINA 73 Mexico's foreign sector, the exchange rate, trade and productive structures 78 The external relationship of the Mexican economy with the United States, and its implications beyond trade MARA ELENA CARDERO 80 Exchange rate and competitiveness PABLO RUIZ-NPOLES 105 Vertical integration and comparative advantages FIDEL AROCHE REYES 129 Comments BODO HILGERS AND JRGEN MECKL 142 Sectorial performance in manufacturing, industrial organization and the innovation system during the trade liberalization process 148 Integration and polarization: Mexico's economy since 1988 ENRIQUE DUSSEL PETERS 150 Liberalization policies and Mexico's competitiveness: Are technological capabilities upgraded or downgraded? MARIO CIMOLI 174 Trade integration and sectorial productivity FLOR BROWN AND LILIA DOMNGUEZ 201 Comments: International openness, dualism and growth JEAN-LUC GAFFARD AND MICHEL QUR 217 Regional divergence and structural policies 224 Structural divergence and the dynamics of dualism: Lessons from Mexico before and after NAFTA MARTN PUCHET ANYUL AND LIONELLO F. PUNZO 226 Regional policies in the North American and European integration agreements SRAH MARTNEZ PELLGRINI 270 11 289 Comments OLIVER FABEL AND BODO HILGERS 308 Index 314 Economics With The European Monetary Union Well Underway, Europe Is Looking At Nearby Countries And Culturally Closer Continents To Define Its Strategies For The Future. The Recent Finalization Of A General Agreement Indicates That Mexico, And Latin America In General, Will Play A Key Role In Such Scenarios. In This Book, Chapters By Leading Mexican Economists Are Matched With Reactions From European Colleagues. They Offer A Novel Viewpoint On The Critical Assessment Of The Nafta Process And Its Implications For The Economies Of The Two Continents. The Book May Thus Also Contribute To A Better Understanding Of The Issues Involved In The Process Of European Union Enlargement. Technical Analyses Are Complemented By Non-technical Expositions, So That The Book Will Be Of Interest To Researchers And Policy Makers Alike, On Both Sides Of The Atlantic.--jacket. Pt. I. Paths To Convergence And Monetary Union(s). 1. Currency Boards And Monetary Unions: The Road Ahead Or A Cul De Sac For Mexico's Exchange Rate Policy? / David Ibarra And Juan Carlos Moreno-brid. 2. Is A Convergence Path Of Monetary Policies Possible Under The North American Free Trade Agreement? / Luis Miguel Galindo And Horacio Catalan -- Comments / Francesco Farina -- Pt. Ii. Mexico's Foreign Sector, The Exchange Rate, Trade And Productive Structures. 3. The External Relationship Of The Mexican Economy With The United States, And Its Implications Beyond Trade / Maria Elena Cardero. 4. Exchange Rate And Competitiveness / Pablo Ruiz-napoles. 5. Vertical Integration And Comparative Advantages / Fidel Aroche Reyes. Edited By Martín Puchet Anyul And Lionello F. Punzo. Includes Bibliographical References And Index. With chapters by leading Mexican economists matched by reactions from European colleagues, this book offers a novel viewpoint on the North American Free Trade Area (NAFTA) process. The world, now that commercial frontiers have been erased, is en route to the elimination of monetary divisions.