THE HIDDEN FACE OF MEXICO-UNITED STATES TRADE
Óscar Rodil Marzábal
THE UNITED STATES: INCREASING BUDGET DEFICIT, DESPITE NAFTA RENEGOTIATION
Alberto Gómez Alcalá
One of the most noticeable effects of NAFTA is the development of complex value chains that deal with the economic integration of the region. This agreement, however, has reached its peak, making it necessary to adopt new commercial exchange instruments.
Measuring the final goods trade between Mexico and the United States is vital but not sufficient. The author turns to recent databases on intra-industry and intra-firm trade, routes of intermediate goods and trade in value added to show how deep commercial integration is in North America.
If an institution persists it is because it is necessary, because it offers a real public service, because it knows how to overcome adversities without giving up its vocation, and how to take advantage of favorable winds. For that reason, eighty years since its foundation, fulfilling goals and surpassing challenges, Bancomext is here and is progressing. Its success has meant the success of countless Mexican companies.