How Beer Explains 20 Years of NAFTA’s Devastating Effects on Mexico

By Yves Smith, Naked Capitalism

Here is a case where NAFTA has gotten the United States to open its market to something of value that Mexico can export, and Mexico can’t even capture the value from it. The industry’s growth benefits U.S. barley growers and U.S. malt makers. Mexico can’t even import the barley and make the malt themselves.

So the country is basically a maquiladora for beer bottling. I guess Mexico contributes the water. Which it doesn’t have enough of.

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