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Essay / Research Paper Abstract
5 pages in length. In theory, economists believe that free trade represents beneficial outcome when approached in a balanced capacity. With that in mind, it is important for the student to examine the North American Free Trade Agreement (NAFTA) in order to determine whether or not this particular arrangement has truly reflected the fundamental basis of free trade. Bibliography lists 6 sources.
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5 pages (~225 words per page)
File: LM1_TLCfreeT.doc
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Agreement (NAFTA) in order to determine whether or not this particular arrangement has truly reflected the fundamental basis of free trade. II. ECONOMIC ARGUMENTS IN FAVOR OF FREE TRADE
The very intent of NAFTA was to create a boon within the work force that would establish significant numbers of jobs and other opportunities industry wide. Under NAFTA, North
American resources, such as land, labor, capital and technology, would be utilized more effectively, as well as become a catalyst for "heightening competitive market forces" (Anonymous PG). It is
important for the student to realize that NAFTA was created as a means by which North American trade and investment could be energized past the levels they were at during
that time. Looking back upon 1991, U.S./Canada trade and investment levels reached one hundred forty-three billion, while U.S./Mexico was sixty-four billion.; Mexico and Canada together reflected just three billion.
The total of direct U.S. investment at that time with regard to Mexico was sixty-eight point five billion and eleven point six billion with Canada. The same period
represented direct investment of Mexican and Canadian goods into the United States as being thirty billion for Canada and point six billion for Mexico. It was NAFTAs goal to
significantly increase these figures once the treatys infrastructure had been established (Anonymous PG). Beyond this, economists recognized that NAFTA had many goals to accomplish with respect to the changes it
was going to make in free trade. Its primary objectives were to do away with tariff and non-tariff barriers so that trade might commence between countries with such commodities
as textiles, apparel, agriculture, electronics and automobiles. NAFTA was to also prove instrumental in eliminating investment obstacles like screenings and performance requirements in order to make the process that
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