Purchase Solution


Not what you're looking for?

Ask Custom Question

I need you to discuss if you support or oppose the North American Trade Agreement.

Support your side with three specific reasons why you support or oppose NAFTA, with information found on internet sites or articles found in the library.

Please list references in APA format.

Purchase this Solution

Solution Summary

I need you to discuss if you support or oppose the North American Trade Agreement.

Solution Preview

The United States, Canada and Mexico started NAFTA and formed free trade agreement in Jan 1994. The express purpose of it was to liberalize trade in goods and services, remove barriers to investment, strengthen the protection of intellectual property rights; and establish a framework for further trilateral cooperation. The agreement is based on principals of non-discriminatory treatment and transparency. It consists of 24 chapters and about1000 pages covering various sectors of economy. The provisions are to eliminate all trade barriers by 2008. There has been significant achievement with elimination of more than 99% trade barriers. The over all impact when comparing with the stated objectives has been extremely positive. The trade has been doubled from $302 billion in1993 to $652 billion in 2003 between the countries. U.S. Exports to Canada & Mexico increased from $142 billion to $267 billion in NAFTA's first decade, significantly higher than average increase of trade with other countries, which stands at 41%. It has proven to be a boon for all the three economies in this decade. American Economy grew by 38%, Canadian Economy by 41%, Mexican Economy by 33%.

The real impact of the agreement has been the increase in productivity to the tune of 55% in Mexico. . This has clear implication on improving the region's competitiveness in the global economy. This has also helped in reducing unemployment level in Mexico from 3.4% to 3.3%.

The main benefit has been NAFTA-related trade and investment liberalization that has allowed U.S. firms to find new markets in Canada and Mexico. It has also helped in maximizing efficiencies gained in terms of global competitiveness, and increased sales to other world ...

Solution provided by:
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
Recent Feedback
  • "Thank you. "
  • "Thank you"
  • "Thank you. I got 20/20 last week for my discussion you help me out with."
  • "Thank you. Great Job. "
  • "Thank you. Great Job. "
Purchase this Solution

Free BrainMass Quizzes
Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.