Introduction: Whither NAFTA?

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Economics (CMC)

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Enlargement of NAFTA is an objective of U.S. trade policy. In the North American context, enlargement is more widening than deepening, with the focus decidedly on bringing more countries into the fold than on transforming NAFTA into something more than a free trade area with selective side agreements. The effect of enlargement on the welfare of present members, of entrants, and of the remaining outsiders is an important consideration. Do welfare effects depend on the method of widening or on the order in which countries are admitted? What are the implications of widening for the multilateral trading system? Can widening take place without further deepening? The first five papers in this issue examine these questions from a variety of perspectives.

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Copyright © 1995 Published by Elsevier Inc.

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