Ten years of NAFTA Jayati Ghosh

The first day of this year marked the tenth anniversary of NAFTA – the North American Free Trade Agreement, which brought the economies of the United States, Canada and Mexico together. This was a trade deal preceded by much debate and opposition, but ultimately pushed through with enthusiastic support from the large corporations of the US, some would say even written by them. But the decade's experience suggests that it is mainly these corporations that have benefited, while almost all of the other promises of the agreement's supporters have turned sour. NAFTA was an ambitious agreement in some respects, bringing…

Argentina Since Default: The IMF and the depression Alan B. Cibils, Mark Weisbrot and Debayani Kar

More than eight months since the economic crisis has passed and Argentina's economy continues to decline, with the recession now having lasted more than four years. This paper looks at Argentina's crisis since the default in an attempt to find a way out of the Depression. argentina_default (Download the full text in PDF format)