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The US-Mexico wage gap is widening under Nafta

Wednesday, November 29, 2017

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.

Source: Bloomberg