North American Free Trade Agreement Term Paper

Pages: 6 (2431 words)  ·  Bibliography Sources: ≈ 14  ·  File: .docx  ·  Level: College Senior  ·  Topic: Economics

SAMPLE EXCERPT . . .
S. workers has been 3 million. Enviromental and labor conditions have worsened in Mexico. Corporations and investors have made dangerous changes to safety regulations in all the three countries. Traditional family farms have suffered under NAFTA. Income from farms has dropped considerably with the U.S. farm trade falling by 57% in real terms. Mexican farmers have also seen a slide in prices of agricultural products and are clamouring for the suspension of tariff reductions and the re-negotiation of agricultural provisions. ( North American Free Trade Agreement ( NAFTA)- www.citizenstrade.org)

The Bush administration has tried to declare NAFTA as a success despite the loss of three million U.S. jobs and the huge new trade deficit that NAFTA has created. The loss of jobs include 1.7 million manufacturing jobs and the trade deficit has risen to $450 billion. (Facts Cloud Attempt to 'Celebrate' NAFTA 10th Anniversary Signing Ceremony) The loss of jobs is only the most seen tip of the impact of NAFTA on the U.S. economy. NAFTA has also been responsible for a rising income inequality, reduction in real earnings of production workers, weakened the collective bargaining powers of workers and their ability to organize unions and had a negative impact on fringe benefits. (The high price of 'free' trade: Nafta's failure has cost the United States jobs across the nation)

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A recently released World Bank study on the tenth anniversary of NAFTA, with relevance to NAFTA's impact on Mexico has shown that the GDP of Mexico has grown by approximately 4-5% over the last eight years. This is an extremely poor performance for any country. The per capita GDP growth is more rapid even in rich countries like the U.S. The GDP of the U.S. grew on an average of 2.0% every year from 1980 to 2001. Developing countries are supposed to have a faster GDP as they can make use of the benefit of adopting technologies from the developed world. This is the reason that countries like South Korea and Taiwan have been able to maintain a per capita GDP growth of 6.0% over 40 years. In addition in the period from 1960 to 1980 Mexico's average per capita growth was 4.1% without NAFTA. (NAFTA at Ten: The Recount)

Term Paper on North American Free Trade Agreement Assignment

Half of Mexico's population has been living on $5 a day after ten years of the signing of NAFTA. This supports the fact that NAFTA is not working for most of the people. The gulf between the rich and the poor in Mexico has grown since NAFTA has been in effect. Eight million middle class families that were happy to celebrate the start of NAFTA, have now slipped into poverty. The Bush administration has been happily pronouncing the success of NAFTA and has great plans in the expansion of NAFTA to another 31 countries. The scenario though is not rosy. 10 million people voted against a plebiscite on the proposal of the Free Trade Area of the Americas -FTAA, the proposed 31-country expansion. Again 50 million people in Brazil elected Luiz Inacio da Silva as President and he ran on an anti-FTAA platform. Similarly in Ecuador Lucio Gutieerez was elected and he also opposes the FTAA. This shows that there is broad-based opposition to the NAFTA model and that is spreading throughout. (Facts Cloud Attempt to 'Celebrate' NAFTA 10th Anniversary Signing Ceremony)

References

Canada and the North American Free Trade Agreement. June 10, 2003. Retrieved from http://www.dfait-maeci.gc.ca/nafta-alena/menu-en.asp Accessed on 17 November 2004

Castenada, Jorge G; Heredia, Carlos. The wrong free-trade deal? - North American Free Trade Agreement. March 1993. Retrieved from http://www.findarticles.com/p/articles/mi_m1453/is_n3_v40/ai_13609465 Accessed on 16 November, 2004

Creating a trade bloc than won't block justice, freedom - North American Free Trade Agreement and Mexico - Editorial - Cover Story. April 16, 1993. Retrieved from http://www.findarticles.com/p/articles/mi_m1141/is_n24_v29/ai_13685906 Accessed on 16 November, 2004

Facts Cloud Attempt to 'Celebrate' NAFTA 10th Anniversary Signing Ceremony.

December 10, 2002. Retrieved from http://www.citizen.org/pressroom/release.cfm?ID=1281 Accessed on 16 November, 2004

Fact sheet: summary of principal provisions of NAFTA - North American Free Trade Agreement. 30 August 1993. Retrieved from. http://www.findarticles.com/p/articles/mi_m1584/is_n35_v4/ai_13297337 Accessed on 17 November, 2004

Jones, Arthur. Players disagree on how free trade will be played out on U.S., Mexico soil - North American Free Trade Agreement - Cover Story. April 16, 1993. Retrieved from http://www.findarticles.com/p/articles/mi_m1141/is_n24_v29/ai_13685888 Accessed on 17 November 2004

Key Economic events: 1994 - North American Free Trade Agreement (NAFTA): Creating the World's Largest Free Trade Area. Retrieved from http://canadianeconomy.gc.ca/english/economy/1994NAFTA.html Accessed on 16 November 2004

Kouparitsas, Michael A. A dynamic macroeconomic analysis of NAFTA - North American Free Trade Agreement -- Economic Perspectives. January -- February 1997. Retrieved from http://www.findarticles.com/p/articles/mi_m3888/is_n1_v21/ai_19063568 Accessed on 16 November 2004

North American Free Trade Agreement ( NAFTA). Retrieved fromhttp://www.citizenstrade.org/nafta.php Accessed on 17 November, 2004

North American Free Trade Agreement. Retrieved from http://www.ustr.gov/Trade_Agreements/Regional/NAFTA/Section_Index.html Accessed on 17 November, 2004

North American Free Trade Agreement. Wikipedia, The free encyclopedia. Retrieved from http://en.wikipedia.org/wiki/North_American_Free_Trade_Agreement Accessed on 16 November 2004

Scott, Robert E. The high price of 'free' trade. Nafta's failure has cost the United States jobs across the nation. Retrieved from http://www.epinet.org/content.cfm/briefingpapers_bp147 Accessed on 17 November, 2004

Weisbrot, Mark; Rosnick, David; Bakerl, Dean. NAFTA at Ten: The Recount. 2 March, 2004. Retrieved from http://www.cepr.net/publications/NAFTA_at_Ten.htm Accessed on 17 November, 2004 [END OF PREVIEW] . . . READ MORE

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