International Economic Policy: Book Review

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American Free Trade Agreement and reflect how it is
beneficial for Mexico (as first developing country to join the US and Canada)
which could not gain support from Europe to develop (as Europe was to
concentrate on its own further development and unity at the moment), and to how
the joining of Mexico was to benefit the US (and Canada) as it would open a
large market for the US as well as cheap labor (106). A good point made by him
was to show the prospects of incorporating more Latin American countries in
NAFTA (as this book was published in 1994) while saying that the Latin American
market "remains too small to compensate US exports for any broader loss of
markets in Europe, Japan, and elsewhere "(112). This conclusion might have led
him to have a closer look outside the US (and NAFTA) circle.

In a chapter of his book, he was to look at the "economic future of
Europe". He was to argue that an implication of the monetary union may be less
need for European countries to ...

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