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Essay / Research Paper Abstract
12 pages in length. As the clock moves forward, the fact that NAFTA was instrumental in establishing a free-trade region is indicative of future evolution of larger trading zones. If this is to ever occur, some assert that it would then be time for other more liberalized economies to become involved. The writer discusses how looking upon the histographical properties of this monumental trade agreement allows one to better understand both the immediate necessity and inherent perils of such a comprehensive contract. Bibliography lists 8 sources.
Page Count:
12 pages (~225 words per page)
File: LM1_TLCnafhs.doc
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If this is to ever occur, some assert that it would then be time for other more liberalized economies to become involved. Looking upon the histographical properties of
this monumental trade agreement allows one to better understand both the immediate necessity and inherent perils of such a comprehensive contract. I. HISTOGRAPHICAL ASPECTS OF NAFTA The origination of
the North American Free Trade Agreement (NAFTA) was to establish a foundation that would create jobs in Mexico, Canada and the United States, raise living standards, "reduce pressure for illegal
immigration and improve the natural environment" (Weisbrot 17A). One of the primary purposes behind implementing NAFTA was so that three hundred sixty million consumers who live in Canada, Mexico
and the United States would have a "powerful economic bloc" (Anonymous PG). The benefit of this is easy to ascertain when one considers the fact that the three countries
combined produce a Gross National Product of six point three trillion American dollars. 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). 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.
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