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by smcin
389 days ago
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Right. The unwritten story of the last three decades is the Mexican people in general have lost out on the huge generational opportunity they theoretically should have from being a (comparatively) low-wage manufacturing and R&D option on the US's doorstep ("friendshoring"). On paper Mexico reaped enormous gains from NAFTA(/MCA) but those went to a small slice of the population, and people on fixed incomes/not in manufacturing/services objectively got worse due to inflation and rising cost-of-living, property prices. The share of GDP effectively lost due to corruption is also an issue. |
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