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Essay / Research Paper Abstract
This 4-page paper argues the benefits and criticisms of the North American Free Trade Agreement. Bibliography lists 3 sources.
Page Count:
4 pages (~225 words per page)
File: AS43_MTnafproco.doc
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Unformatted sample text from the term paper:
and quantitative restrictions on goods crossing the three borders (North American Free Trade Agreement). The idea behind NAFTA was that, in eliminating trade barriers between the three countries that shared
borders, it would help the economies of the countries, by allowing their goods to travel more effectively to market. During 2009, the United States had $789 billion worth in trade
with its two neighbors; exports totaled $334 billion, while imports totaled $401 billion (North American Free Trade Agreement). Meanwhile, U.S. goods and service trades with NAFTA totaled $1.1 trillion in
2008 (exports totaling $482 billion, imports totaling $592 billion) (North American Free Trade Agreement). We can see from these figures that the U.S. has had a trade deficit with NAFTA.
But what have some of the other positives and negatives of this alliance been? One positive is that NAFTA has ended up spurring
both competition and economic growth - since its inception, NAFTA has generated nice gains for the United States (Markheim, 2008). This, in turn, has meant more U.S. jobs, as well
as increases in productivity and investments (Markheim, 2008). It has allowed the United States to export products to two other markets without being penalized through tariffs or trade barriers. To
an extent, NAFTA has helped the Mexican economy as well; during the early part of the free trade agreement, maquiladoras (factories along the U.S.-Mexican border) were set up which helped
benefit U.S. production. Because manufacturing costs were lower in Mexico (and Mexico was right next door), the maquiladoras helped produce products at a cheaper cost than could have been had
in the U.S. But didnt this cost U.S. jobs? It did - but the number of jobs displaced by international trade was only estimated to be a relatively small 3%
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