Scott Hebert

The economic experience of Mexico has changed tremendously since the acceptance of the North American Free-Trade Agreement (NAFTA) in 1994. Over the last 14 years, Mexico has experienced tremendous growth spurred on by the introduction of capital from foreign investment and gradually reduced tariffs on exports. To understand the changes Mexico has experienced over this [...]

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The current account represents the sum of balance on goods, services, income yields, and unilateral transfers. It is an indicator of the flow of capital and goods to and from a country. The U.S. currently runs a current account deficit. This means that more goods and services are being imported into the country than exported.

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