In March 2003, with the support of the North American Development Bank, Robert Pastor, Samuel Morley, and Sherman Robinson developed a proposal for a North American Investment Fund, with a goal of narrowing the gap between Mexico and its northern neighbors — U.S. and Canada. The objective is to identify the principal sources of growth to stimulate a 6 percent rate of growth for 10 years. The following documents provide the academic, congressional, and media views of this project.
- S. 3622: North American Investment Fund Act Bill introduced by Senator John Cornyn (R-TX) on June 29, 2006 "to authorize the President to negotiate the creation of a North American Investment Fund between the Governments of Canada, of Mexico, and of the United States to increase the economic competitiveness of North America in a global economy."
- Read Senator Cornyn's introductory statement (PDF) delivered on June 29, 2006.
- The Paramount Challenge For North America: Closing The Development Gap (PDF). The final report of the North American Development Bank-sponsored project which argues that for North America to be a community, and for Mexico to begin to close the development gap, a North American Investment Fund is essential. March 14, 2005
- Breaking Out of the Box (PDF): Tensions are rising on both sides of the border, again. Yet the only real solution is one that North American leaders aren't talking about.
By Robert A. Pastor, Newsweek International, March 21, 2006
- Build economic bridges, not border fences (PDF)
Robert A. Pastor, Los Angeles Times, November 30, 2006