Norteamérica. Revista Académica del CISAN- UNAM ISSN: 1870-3550
[email protected] Centro de Investigaciones sobre América del Norte México PASTOR, ROBERT A. The Solution to North America's Triple Problem: The Case for A North American Investment Fund Norteamérica. Revista Académica del CISAN-UNAM, vol. 2, núm. 2, julio-diciembre, 2007, pp. 185- 207 Centro de Investigaciones sobre América del Norte Distrito Federal, México Available in: http://www.redalyc.org/articulo.oa?id=193715174009 How to cite Complete issue Scientific Information System More information about this article Network of Scientific Journals from Latin America, the Caribbean, Spain and Portugal Journal's homepage in redalyc.org Non-profit academic project, developed under the open access initiative NORTEAMÉRICA. Year 2, number 2, July-December 2007 The Solution to North America’s Triple Problem: The Case for A North American Investment Fund ROBERT A. PASTOR* ABSTRACT Despite the expansion of trade and investment achieved by the North American Free Trade Agreement, challenges remain. The most serious is the persistence of an “income gap” between Mexico and its northern neighbors. Unless this gap is narrowed, other challenges, including immi- gration, trade, and security, will persist. The solution is the creation of a viable North American Investment Fund, which will be possible only if the three governments articulate a North American Community and pledge to contribute, each in its own way, to a strategy that will close the income gap and build institutions to resolve old problems and address new opportunities. Key words: NAFTA, investment, North American Community, free trade, immigra- tion, income gap, debt, monetary policy, regulation * Director, Center for North American Studies, vice-president for international affairs, and professor, School of International Service, The American University, Washington, D.C.