S UBREGIONAL H EADQUARTERS IN M EXICO Trumping the NAFTA renegotiation An alternative policy framework for Mexican-United States cooperation and economic convergence Robert A. Blecker Juan Carlos Moreno-Brid Isabel Salat Economic Commission for Latin America and the Caribbean (ECLAC) • Subregional Headquarters in Mexico This document has been prepared by Robert A. Blecker (Department of Economics, American University), Juan Carlos Moreno-Brid (Facultad de Economía, UNAM) and Isabel Salat (Facultad de Economía, UNAM), under the supervision of Hugo Eduardo Beteta, Director, Subregional Headquarters in Mexico, Economic Commission for Latin America and the Caribbean (ECLAC). The authors grateful acknowledge comments by Alex Izurieta and Ricardo Zapata. A version of this document is being published simultaneously in Real World Economics Review, December 2017. The views expressed in this document, which has been reproduced without formal editing, are those of the authors and do not necessarily reflect the views of the Organization. The term “dollars” refers to the currency of the United States of America. Key words NAFTA, regional integration, convergence, inequality, development, minimum wages LC/MEX/TS.2017/29 Distribution: Limited Copyright © United Nations, November 2017. All rights reserved. Printed at United Nations, Mexico City 2017-061 Applications for authorization to reproduce this work in whole or in part should be sent to the Economic Commission for Latin America and the Caribbean (ECLAC), Publications and Web Services Division,
[email protected]. Member States and their governmental institutions may reproduce this work without prior authorization, but are requested to mention the source and to inform ECLAC of such reproduction. 3 CONTENTS Abstract .......................................................................................................................................