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NAFTA and Telefonica

Read about NAFTA on the attached article Note the concerns voiced by the opponents of NAFTA before it was signed and the actual impact of the agreement on industry and jobs in the US, Canada, and Mexico. Currently, there is talk of expanding NAFTA to include other countries. Would you recommend expanding the number of countries covered by NAFTA? Why or why not?

Then, read the Telefonica case study and answer the questions.

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Read about NAFTA on the attached article Note the concerns voiced by the opponents of NAFTA before it was signed and the actual impact of the agreement on industry and jobs in the US, Canada, and Mexico. Currently, there is talk of expanding NAFTA to include other countries. Would you recommend expanding the number of countries covered by NAFTA? Why or why not? 



I would recommend expanding NAFTA. The text mentions, "NAFTA's overall impact has been small but positive" (Hill, 2011). The economics of the U.S., Canada, and Mexico have become more closely integrated and have experienced strong productivity growth. In addition, NAFTA has been credited with creating increased political stability in Mexico (Hill, 2011). Free trade encourages companies to behave differently, focusing on quality and productivity in order to be competitive. It eliminates false barriers and evens the playing field. The Office of the United States Trade Representative touts NAFTA as an "American economic success story" (Office of the United States Trade Representative, 2001). Agricultural exports have increased from the U.S. to Canada by 44 percent. American exporters previously faced trade barriers to both Canada and Mexico, now, without these barriers consumers benefit from lower prices and expanded choices. By expanding the number of countries covered by NAFTA. Trade expansion promotes growth as well as stability, security and economic ...

Solution Summary

This detailed solution addresses NAFTA expanding to other countries.It includes APA formatted references.

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