Economics
The U.S.-Mexico Wage Gap Is Actually Widening Under Nafta
- Trade was supposed to kickstart Mexico’s economy. It hasn’t
- Stagnation fuels Trump’s anger, leaves Mexicans eyeing change
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What’s the opposite of a growth miracle? Whatever the term, it applies in spades to Mexico in the Nafta era.
Poor countries are expected to grow faster than rich ones, and they need to. Trade agreements are supposed to help. Yet by almost any benchmark -- certainly the ones trumpeted by the deal’s architects a quarter-century ago -- the Mexican economy’s performance has been dismal.