... by low cost producers within the trade area then trade creation occurs. If trade diversion occurs, it would have a major impact on consumer prices. In 1988, the United States and Canada agreed to enter into a free trade agreement. This went into effect on January 1, 1989 and was widely accepted ... wages are equivalent to the U.S. and has long been considered our brother to the north. Then in 1991, Mexico entered into talks with Canada and the United States that concluded on 17 December 1992. The treaty was ratified and came into effect on 1 January 1994. The treaty called for ... opened...

• Word Count: 1104
• Approx Pages: 4
• Grade Level: High School

... the independence of Belize (formerly British Honduras) until 1981. Guatemala refused to recognize the new nation until 1992. Tourism has become the mainstay of the economy. The country remains plagued by high unemployment, growing involvement in the South American drug trade, and increased urban crime. Belize's population is at about 235,789. Sixty-two % of the country is Roman Catholic and the rest ... greater importance. Sugar, the chief crop, accounts for nearly half of exports, while the banana industry is the country's largest employer. The government's tough austerity program in 19...

• Word Count: 622
• Approx Pages: 2
• Has Bibliography
• Grade Level: Undergraduate