V. Bulmer-Thomas – författare

The integration scheme between Mexico, Canada and the United States represents the first time that a developing country has been linked to developed countries in a free-trade agreement. Given the differences in wage rates and relative prices between Mexico and its new partners a big change in the allocation of resources can be anticipated throughout the Mexican economy. This will create gains and losses as well as numerous political problems in managing the changes. These issues are the focus of the book.

A study explaining how the social upheavals which led to the Nicaraguan revolution and the civil wars in El Salvador and Guatemala were rooted in the export-led model followed in the region. The author also explores their efforts to achieve regional co-operation in the economic sphere.