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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.
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Mexico Beyond NAFTA 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 analysis of the critical experience of integration between unequal economic partners covers a wide range of issues, including: • • • dollarization and financial markets integration dynamics of industrial structures and international specialization fiscal federalism and related issues, including those related with labor mobility. 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. Martín Puchet Anyul is Professor of Quantitative Methods, Faculty of Economics, UNAM, and has taught at CIDE (Mexico), Universidad de la República (Montevideo) and University of Siena. He has published a book: Sistemas de Cuentas Económicas, México: UNAM 1996; and a number of papers. Lionello F. Punzo has taught at UCLA, UNAM and IAS (Vienna). In 1996 he visited ISER, Osaka University, and he is currently Professor of Economics at Siena University. His works include The Dynamics of a Capitalist Economy (with Richard M. Goodwin), Polity Press and Westview Press 1987, Economic Performance (edited with B. Böhm), Physica Verlag 1992, and European Economics in Transition (edited with O. Fabel and F. Farina), Macmillan 2000. Routledge Studies in Development Economics 1 Economic Development in the Middle East Rodney Wilson 2 Monetary and Financial Policies in Developing Countries Growth and stabilization Akhtar Hossain and Anis Chowdhury 3 New Directions in Development Economics Growth, environmental concerns and government in the 1990s Edited by Mats Lundahi and Benno J. Ndulu 4 Financial Liberalization and Investment Kanhaya L. Gupta and Robert Lensink 5 Liberalization in the Developing World Institutional and economic changes in Latin America, Africa and Asia Edited by Alex E. Fernández Jilberto and André Mommen 6 Financial Development and Economic Growth Theory and experiences from developing countries Edited by Niels Hermes and Robert Lensink 7 The South African Economy Macroeconomic prospects for the medium term Finn Tarp and Peter Brixen 8 Public Sector Pay and Adjustment Lessons from five countries Edited by Christopher Colclough 9 Europe and Economic Reform in Africa Structural adjustment and economic diplomacy Obed O. Mailafia 10 Post-apartheid Southern Africa Economic challenges and policies for the future Edited by Lennart Petersson 11 Financial Integration and Development Liberalization and reform in Sub-Saharan Africa Ernest Aryeetey and Machiko Nissanke 12 Regionalization and Globalizati