Abstract
North American Free Trade Agreement (NAFTA) Chapter XI deals with both foreign direct and portfolio investment. A brief background of prevalent barriers precedes a more detailed analysis of 15-year investment performance in this chapter, while investment-related evaluations continue with dispute settlement in Chapter 4, intellectual property rights in Chapter 5, and the investment-trade relationship in Chapter 6.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
Ralph Folsom, NAFTA in a Nutshell (St. Paul, MN: West Group, 1999), 154–55.
Alan M. Rugman, “NAFTA, Multinational Enterprise Strategy and Foreign Investment,” paper, International Studies Association, annual convention, Chicago, 1995, 2.
This is certainly a conclusion drawn by David L. Hummels and Robert M. Stern on North American investment, as they explain in “Evolving Patterns of North American Merchandise Trade and Foreign Direct Investment, 1960–1990,” The World Economy 17, no. 1 (January 1994): 5–29.
Fernando Henrique Cardoso and Enzo Faletti, Dependency and Development in Latin America (Berkeley, CA: University of California Press, 1979).
Daniel Lederman, William F. Maloney, and Luis Serven, Lessons from NAFTA for Latin America and the Caribbean Countries: A Summary of Research Findings (Washington, DC: The International Bank for Reconstruction and Development, 2003), 163.
Fred Lazar, “Investment in the NAFTA: Just Cause for Walking Away,” Journal of World Trade 27, no. 5 (October 1993): 19–36.
Allan Nymark and Emmy Verdun, “Canadian Investment and NAFTA,” in Foreign Investment and NAFTA, ed. Alan Rugman (Columbia, SC: University of South Carolina Press, 1994), 131–32, but see ch. 6.
Alan B. Rugman, “My Contributions to Internalization Theory,” Journal of International Business and Economy 2, no. 1 (Fall 2001): 2, but see 1–13.
US Congress, Office of Technological Assessment, US-Mexico Trade: Pulling Together or Pulling Apart? Report, OTA-ITA #545 (Washington, DC: US Government Printing Office, 1992).
Victor López Villafañe and Mariana Rangel Padilla, “Regionalism in North America: NAFTA and the Mexican Case,” in Economic Integration in the Americas, eds. Joseph A. McKinney and H. Stephen Gardner (New York: Routledge, 2008), 79, but see ch. 6.
Zack V. Chayet and Edward A. Bustamante, “The Mexican Maquiladora Industry: Legal Framework of the 1990s,” California Western International Law Journal 20, no. 2 (1989–1990): 263–74.
For a Canadian view on Canadian mining, see Hevina S. Dashwood, “Canadian Mining Companies and the Shaping of Global Norms of Corporate Social Responsibility,” International Journal 60, no. 4 (Autumn 2005): 977–98.
Among those concluding positively, see Nancy San Martin, “Overworked and Underage,” Dallas Morning News, March 5, 2000, A1, and A31–33; and John A. Balla, “Data Transfer: What’s New?,” Twin Plant News, November 1998, 55–56. Among naysayers, see William C. Gruben, “Do Maquiladoras Take American Jobs? Some Tentative Econometric Results,” Journal of Borderland Studies 5, no. 1 (Spring 1990): 31–45.
Magdeline R. Esquivel and Dr. Leonico Lara, “The Maquiladora Experience: Employment Law Issues in Mexico,” NAFTA Law amp; Business Review 5 (1999): 589.
William S. Gruben and Sherry L. Kiser, “NAFTA and Maquiladoras: Is the Growth Connected?,” Federal Reserve Bank of Dallas, report on “The Border Economy,” June 2001, http://www.dallasfed.org/htm/pubs/border/tbe_gruben.pdf[0].
United States-Mexico Chamber of Commerce, “The North American Free Trade Agreement (NAFTA) at Five Years: What It Means for the US and Mexico,” September 1999, http://www.usmcoc.org/b-nafta7.php.
Clark W. Reynolds, “The NAFTA and Wage Convergence: A Case of Winners and Losers,” in NAFTA as a Model of Development: The Benefits and Costs of Merging High and Low Wage Areas, eds. Richard S. Belous and Jonathan Lemco (Washington, DC: National Planning Association, 1993).
Carlos Alba Vega, “Regional Policy under NAFTA: The Case of Jalisco,” in NAFTA in the New Millennium, eds. Edward J. Chambers and Peter H. Smith (La Jolla, CA: Center for US Mexican Studies, University of California, San Diego, 2002), 105–24.
Heinz G. Preusse, The New American Regionalism (Cheltenham, UK: Edward Elgar, 1994), 85, but see 82–88.
John Whalley, “Regional Trade Arrangements in North America: CUSTA and NAFTA,” in New Dimensions in Regional Integration, eds. Jaime de Melo and Arvind Panagariya (Cambridge, UK: Cambridge University Press, 1999). His CUSTA is the same as my CUFTA.
John Whalley, The Economics of Overlapping Free Trade Areas and the Mexican Challenge (Toronto, ON: C. D. Howe Institute, 1991), 4–7.
Others include Richard D. Lipsey, Canada at the US-Mexico Free Trade Dance: Wallflower or Partner? (Toronto, ON: C. D. Howe Institute, 1990);
and Peter Morici, “The Implications for the Future of US Trade Policy,” in Making Free Trade Work: The Canada-US Agreement, ed. Morici (New York: Council on Foreign Relations, 1990).
Its genesis can be traced to the 1994 Summit of the Americas, as elaborated by Richard Feinberg, Summitry in the Americas: A Progress Report (Washington, DC: Institute for International Economics, 1997). Also see J. F. Hornbeck, A Free Trade Area of the Americas: Major Policy Issues and Status of Negotiations, Congressional Research Service, #RS20864, January 2005;
and Donald Mackay, “Challenges Confronting the Free Trade Area of the Americas,” Canadian Foundation for the Americas policy paper, FPP-02–07, 2002.
Kathryn Kopinak, “The Maquiladorization of the Mexican Economy,” in The Political Economy of North American Free Trade, eds. Ricardo Grinspun and Maxwell A. Cameron (New York: St. Martin’s Press, 1993).
Louis E. V. Mevaer, NAFTA’s Second Decade: Assessing Opportunities in the Mexican and Canadian Markets (Mason, OH: Thompson, Southwestern, 2004), 66–73, but see ch. 4.
Copyright information
© 2012 Imtiaz Hussain
About this chapter
Cite this chapter
Hussain, I. (2012). Investment. In: Reevaluating NAFTA. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137297174_3
Download citation
DOI: https://doi.org/10.1057/9781137297174_3
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-44197-6
Online ISBN: 978-1-137-29717-4
eBook Packages: Palgrave Political & Intern. Studies CollectionPolitical Science and International Studies (R0)