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The Potential of Regionalization in the Americas
Is this the sort of thing that could dramatically boost incomes and change the lives of people in several countries over the next 10 to 20 years? Is it more like what we've seen post NAFTA, where the gains were most pronounced for workers along the northern Mexico border, but not really a dramatic boost to Mexico's GDP and living standards overall? Mexico provides a real example of what can happen. Step back and look more broadly at the hemisphere. I do think that you look over a decade or two decades, there's an opportunity here.