NAFTA has been described by one expert as being a partial customs
union. It is, in any case, a special kind of free trade area
because it consists of two highly developed economies and one large
third world economy. In this book, the contributors examine the
specific interests of the three member countries, Canada, Mexico,
and the United States in the creation of NAFTA. They also assess
the influence of this trade area on their economics. Looking to the
future, doubts are expressed about the feasibility of using NAFTA
(a hope expressed by the USA) as a stepping stone in the creation
of a Free Trade Area of the Americas. Instead, the contributors see
the consolidation of MERCOSUR in Latin America and the creation of
a new Trans-Atlantic Market - as proposed by Sir Leon Brittan - as
more likely developments.
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