NAFTA and Us
If you were shopping and found a shirt you really liked, would you stop to look at the label to see where it had been made? What if there were two identical shirts but one is priced less than the other, which one would you buy? In most cases, the answers are the same. Consumers do not stop to look for a “made in the U.S.A.” label, but instead are more likely to buy the so-called “bargain”. The United States had a concept in the early nineties to help the consumers out with this concept. They brought about the idea of free trade amongst their neighboring countries. This concept is called the North American Free Trade Agreement, or better known as NAFTA. This idea has lead to a problem in the United States, because jobs are being moved to other countries for cheaper labor. Little did the United States government know what kind of impact this problem would later cause on the economy. To begin with, one must realize that the United States is one of the most wealthy and powerful nations on the earth. The story behind how we got to be this prosperous and dominant nation may be best defined by Carl F. Worden when he said: In the most perfect scenario, and one that the United States of America just
billion) for ‘future lost profits’ when domestic public safeguards limit While the effects on the United States may seem devastating, the effects on Mexico have been much worse. Mexico has been forced to borrow money to help with the industrial expansion. The total debt of Mexico is now over $175 Billion in which half will be unable to be paid back. This is mainly due to the fact over 28,000 of their businesses having failed since the implication of NAFTA. The number of Mexicans who are considered poor has risen from 31% to 50% since NAFTA passed. Some economists are now predicting the worst economic depression in Mexican history. (1) With this in mind, we have a better understanding why the United States is being flooded with illegal immigration from Mexico.
Some topics in this essay:
Trade Agreement,
Jens Heath,
Founding Fathers,
,
Canada Mexico,
United America,
Central America,
North Carolina,
NAFTA’s Chapter,
Bush Administration,
free trade,
free trade agreement,
trade agreement,
north carolina,
american free,
north american free,
american free trade,
north american,
trade agreement nafta,
north america free,
neighboring countries,
agreement nafta,
manufacturing sector,
raw materials,
lost jobs,
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Approximate Word count = 1567
Approximate Pages = 6 (250 words per page double spaced)
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