Economy

<p>U.S. exports to Mexico in 1994 were up an estimated 22% over 1993&#8217;s numbers. By comparison, on a global basis, U.S. exports were projected to grow this year by 6%. This boom has benefitted U.S. exporters a great deal. In the first quarter of 1994, many U.S. industry exports were up considerably from the same [&hellip;]</p>

<p>Peso Crisis Throws a Wrench into Mexican Auto Industry The value of U.S. car exports to Mexico decreased 6% from 1992 to 1993, but increased a whopping 685% in 1994 to over $437 million, according to the U.S. Department of Commerce. Mexican domestic car and light-truck sales were up in October 1994 by 32% compared [&hellip;]</p>

The emerging North American Free Trade Agreement (NAFTA) will have a considerable effect on manufacturing in both Mexico and Canada. Contrary to popular belief, the primary NAFTA effect on manufacturing in Mexico does not involve inexpensive Mexican labor or preferential access to U.S. markets. U.S. firms have enjoyed easy access to Mexican labor for two decades. Instead, the greatest changes brought about by NAFTA are on Mexican foreign direct investment and intellectual pro