The North American Free Trade Agreement and deindustrialization in Mexico

Abstract

Since the implementation of the neoliberal macroeconomic policies, and when the North American Free Trade Agreement (NAFTA) came into effect, the Mexican economy has entered a deindustrialization phase which deepened due to various factors such as: the termination of productive chains, the dismantling of agricultural activity, the adoption of a manufacturing economic model, the transformation of the financial system and a profound capitalization of the economy. As a result of the above, it has reflected in a long period of economic stagnation and the deterioration of life conditions of the population in Mexico.