Bloomberg Businessweek

Nafta’s Biggest Loser

The trade pact was supposed to kick Mexico’s economy into high gear. What went wrong?

U.S. President Donald Trump gives the impression that all of Nafta’s benefits have flowed south of the Rio Grande. Mexicans might beg to differ.

Economic growth has averaged 2.6 percent a year since the North American Free Trade Agreement took effect on Jan. 1, 1994—less than half the developing-world average. That’s similar to what the U.S. and Canada logged over the period. But Mexico’s population has grown faster than those of its Nafta partners, so Mexicans have lost ground relative to

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