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Essay / Research Paper Abstract
A 15 page research paper on how NAFTA benefits American industry. The writer cites many positive aspects of increased trade with Mexico including that of higher-paying domestic jobs. The specific case of the automobile industry is offered as an example to support the writer's thesis. Statistics are provided to support/back-up assertions. Includes charts & graphs. Bibliography lists 9 sources.
Page Count:
15 pages (~225 words per page)
File: D0_Naftagoo.doc
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Unformatted sample text from the term paper:
in effect since January 1, 1994, continues to live up to its promise just as it always has. U.S. companies are selling more high-value products such as automobiles than they
have in past decades as NAFTA has reduced Mexicos and Canadas trade barriers. Additionally, these export sales are also generating more, higher paying jobs. The opening of Mexicos business
and financial services markets by NAFTA offers great promise to U.S. service industries and will further support expansion of business in Mexico and increased U.S. merchandise exports and jobs. NAFTAs
safeguard provisions--such as long tariff phase-outs for import-sensitive products--are enabling economic sectors and workers to adjust to free trade. U.S. exports to North America are reportedly
growing twice as fast as to the rest of the world. Excluding our NAFTA partners, U.S. exports to the rest of the world grew by 7 percent during the
first nine months of 1994. U.S. exports to North America were up 14 percent during the same period, double the rate of growth to the rest of the world.
U.S. exports to Mexico: $1 billion per week. U.S. exports to Mexico are at record levels. Since May of 1994, U.S. exports to Mexico have been averaging $1 billion per
week. Up 21.7 percent over the same period in 1993, U.S. exports to Mexico in 1994 reached a nine-month record of $37.5 billion (WW Web). Imports from Mexico are
also growing, reflecting the solid economic recovery in the United States. For example, at $35.7 billion, imports from Mexico were up 22.8 percent during the January-September 1994 period (WW Web).
Expanding exports to Mexico mean more and higher-paying U.S. jobs. The Commerce Department estimates that there would have been 130,000 fewer U.S. jobs in the third quarter
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