On April 17, the Washington Post ran an article about Mexico’s economy and the North American Free Trade Agreement, which took effect on January 1, 1994. Part of the focus was on market forces and the flight of some Mexicans to the U.S.
“Still, the past 13 years haven't been all bad economic news for Mexico,” wrote Manuel Roig-Franzia of the Post’s Foreign Service. “Spurred by NAFTA, Mexico's gross domestic product has ballooned, multiplying nearly seven-fold, from $108 billion in 1993, the year before NAFTA implementation, to $748 billion in 2005.”
If the Post’s data for Mexico’s GDP, or the market price of all goods and services produced within the country annually, was correct, it would be a world record for economic growth, according to economist Dean Baker, co-director of Center for Economic and Policy Review. Thus, economists and staff at the CEPR repeatedly contacted the Post concerning the assertion that Mexico’s GDP grew at a 17.5 percent annual rate over the past 13 years.