Clinton was wrong: many of the fears were founded. NAFTA did some good; many experts believe it helped the U.S., Canadian, and Mexican economies, albeit by a small amount. According to Lorenzo Caliendo of Yale and Fernando Parro of the Federal Reserve, the deal yielded a 0.08 percent increase in net economic welfare. Mexico benefited the most, with a gain of 1.31 percent, and Canada lost a marginal 0.06 percent.88 Clearly, the net beneficial effect was far smaller than its advocates had promised.89 But like most economic policies, this one affected some people and some sectors more than
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