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Essay / Research Paper Abstract
A 3 page paper. The bulk of this paper discusses whether international trade is a threat or opportunity for workers. Using NAFTA and international trade as a whole, the paper reports data regarding lost jobs in the U.S. and survey results. The paper ends with a brief discussion on the challenges facing the International Trading System. Bibliography lists 4 sources.
Page Count:
3 pages (~225 words per page)
File: MM12_PGtrdop9.rtf
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Unformatted sample text from the term paper:
work is transferred to low-wage countries where employment rates rise from high-wage countries where unemployment rates rise. Examples abound. When the U.S. began importing more and more steel from China
and other low-wage nations, the U.S. steel industry collapsed. When manufacturers in the textile industry transferred work to low-wage countries like China, Indonesia and others, the U.S. textile industry collapsed.
This was reaffirmed during a recent 60 Minutes" show that focused on the new federal stimulus package. In 1994, NAFTA (North American Trade Agreement), a pact between and among Canada,
the United States, and Mexico was adopted. Heads of governments insisted in 2001 and continue to insist that NAFTA is a raging success (Campbell, Salas and Scott, 2001). In fact,
government officials declared it such a win-win that they wanted and continue to want to extend the agreement to other nations (Campbell, Salas and Scott, 2001). Data show that NAFTA
has been very successful for investors and businesses but not for workers (Campbell, Salas and Scott, 2001). NAFTA has no provisions for workers, such as rights and standards. In
terms of economic integration, NAFTA has been more successful in Canada and Mexico than in the U.S. (Campbell, Salas and Scott, 2001). Economists report that NAFTA resulted in the loss
of 766,000 jobs in the U.S. (Campbell, Salas and Scott, 2001). This job loss had the most impact on unskilled and semi-skilled workers. And, the influx of those jobs into
Mexico did not have any great impact on the Mexican economy as a whole because most of the jobs were created in areas just across the border where there is
no such thing as workers rights (Campbell, Salas and Scott, 2001). And, in all three countries, there was "an upward redistribution of income to the richest 20%" (Campbell, Salas and
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