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NAFTA's Second Decade

NAFTA's Second Decade
Author: Louis E. V. Nevaer
Publisher: Mason, Ohio : Thomson/South-Western
Total Pages: 312
Release: 2004
Genre: Amérique du Nord
ISBN:

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This insightful analysis of the first 10 years of the North American Free Trade Agreement (NAFTA) offers a valuable assessment of the opportunities - as well as the potential perils - that lie ahead. Nevaer presents five industries (construction, financial services, energy, education, and environmental) with significant opportunities for growth in NAFTA's second decade and strategies to realize their potential. As NAFTA moves into its second decade, corporate America must take measure of the $1 trillion in market opportunities. Detailing NAFTA's past impact on and future potential for the North American neighbors, this book provides an excellent tool for developing and implementing corporate strategies as the North American economies integrate more fully during NAFTA's second decade.


The First Decade of NAFTA

The First Decade of NAFTA
Author: Michigan State University
Publisher:
Total Pages:
Release: 2003
Genre: Free trade
ISBN:

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NAFTA

NAFTA
Author: Etats-Unis. Department of Agriculture. Economic Research Service
Publisher:
Total Pages: 25
Release: 1995
Genre:
ISBN:

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The North American Free Trade Agreement (NAFTA)

The North American Free Trade Agreement (NAFTA)
Author: M. Villarreal
Publisher: Createspace Independent Publishing Platform
Total Pages: 44
Release: 2017-02-28
Genre:
ISBN: 9781544194172

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The North American Free Trade Agreement (NAFTA) entered into force on January 1, 1994. The agreement was signed by President George H. W. Bush on December 17, 1992, and approved by Congress on November 20, 1993. The NAFTA Implementation Act was signed into law by President William J. Clinton on December 8, 1993 (P.L. 103-182). The overall economic impact of NAFTA is difficult to measure since trade and investment trends are influenced by numerous other economic variables, such as economic growth, inflation, and currency fluctuations. The agreement likely accelerated and also locked in trade liberalization that was already taking place in Mexico, but many of these changes may have taken place without an agreement. Nevertheless, NAFTA is significant, because it was the most comprehensive free trade agreement (FTA) negotiated at the time and contained several groundbreaking provisions. A legacy of the agreement is that it has served as a template or model for the new generation of FTAs that the United States later negotiated, and it also served as a template for certain provisions in multilateral trade negotiations as part of the Uruguay Round. The 115th Congress faces numerous issues related to NAFTA and international trade. President Donald J. Trump has proposed renegotiating NAFTA, or possibly withdrawing from it. Congress may wish to consider the ramifications of renegotiating or withdrawing from NAFTA and how it may affect the U.S. economy and foreign relations with Mexico and Canada. It may also wish to examine the congressional role in a possible renegotiation, as well as the negotiating positions of Canada and Mexico. Mexico has stated that, if NAFTA is reopened, it may seek to broaden negotiations to include security, counter-narcotics, and transmigration issues. Mexico has also indicated that it may choose to withdraw from the agreement if the negotiations are not favorable to the country. Congress may also wish to address issues related to the U.S. withdrawal from the proposed Trans-Pacific Partnership (TPP) free trade agreement among the United States, Canada, Mexico, and 9 other countries. Some observers contend that the withdrawal from TPP could damage U.S. competitiveness and economic leadership in the region, while others see the withdrawal as a way to prevent lower cost imports and potential job losses. Key provisions in TPP may also be addressed in 'modernizing' or renegotiating NAFTA, a more than two decade-old FTA. NAFTA was controversial when first proposed, mostly because it was the first FTA involving two wealthy, developed countries and a developing country. The political debate surrounding the agreement was divisive with proponents arguing that the agreement would help generate thousands of jobs and reduce income disparity in the region, while opponents warned that the agreement would cause huge job losses in the United States as companies moved production to Mexico to lower costs. In reality, NAFTA did not cause the huge job losses feared by the critics or the large economic gains predicted by supporters. The net overall effect of NAFTA on the U.S. economy appears to have been relatively modest, primarily because trade with Canada and Mexico accounts for a small percentage of U.S. GDP. However, there were worker and firm adjustment costs as the three countries adjusted to more open trade and investment. The rising number of bilateral and regional trade agreements throughout the world and the rising presence of China in Latin America could have implications for U.S. trade policy with its NAFTA partners. Some proponents of open and rules-based trade contend that maintaining NAFTA or deepening economic relations with Canada and Mexico will help promote a common trade agenda with shared values and generate economic growth. Some opponents argue that the agreement has caused worker displacement.


NAFTA

NAFTA
Author: United States. Congress. Senate. Committee on Foreign Relations. Subcommittee on International Economic Policy, Export and Trade Promotion
Publisher:
Total Pages: 96
Release: 2004
Genre: Business & Economics
ISBN:

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The Impacts of NAFTA on North America

The Impacts of NAFTA on North America
Author: I. Hussain
Publisher: Springer
Total Pages: 411
Release: 2010-08-17
Genre: Political Science
ISBN: 0230110002

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Why was NAFTA not extended, even after fulfilling several stated objectives? Investigating a number of roadblocks and utilizing James Rosenau's state-multi-centric models, the book's conclusions shed light not just on why North American integration is not working, but on broader regional experiments.


NAFTA on Second Thoughts

NAFTA on Second Thoughts
Author: David R. Dávila-Villers
Publisher: University Press of America
Total Pages: 156
Release: 1998
Genre: Business & Economics
ISBN: 9780761810582

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In this book, scholars from throughout North America analyze the North American integration process taking place under NAFTA. While NAFTA was originally conceived as a trade agreement only, the contributors argue, there are many other important issues raised by the agreement that are not being adequately addressed, including drug-trafficking, endangered species trafficking, labor mobility, and energy. The book also includes discussions of cultural issues such as education, Quebec's cultural uniqueness, and California's Proposition 187.


Understanding NAFTA

Understanding NAFTA
Author: William A. Orme
Publisher: University of Texas Press
Total Pages: 374
Release: 1996
Genre: Political Science
ISBN: 9780292760462

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"Very readable book written during height of NAFTA debate. Remains a valuable resource for discussing impact of the trade agreement in Mexico and US"--Handbook of Latin American Studies, v. 57.


Teaching International Economics and Trade

Teaching International Economics and Trade
Author: Caroline Starbird
Publisher: University of Denver, CTIR
Total Pages: 150
Release: 2004
Genre: Economics
ISBN: 0943804922

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Globalization means the increasing interdependence of world markets and world affairs.Use these lessons to teach students about the international economic system that underlies globalization. Topics include free trade, foreign aid, exchange rates, international debt, and debt relief. Through lively activities, students learn about important organizations including the IMF, WTO, and the World Bank. All lessons and the final assessment are tied to national standards.


NAFTA and the Environment

NAFTA and the Environment
Author: Gary Clyde Hufbauer
Publisher: Peterson Institute
Total Pages: 100
Release: 2000
Genre: Business & Economics
ISBN: 9780881322996

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Air and water pollution blighted northern Mexican cities long before the North American Free Trade Agreement (NAFTA) was a glimmer on the political horizon. Not surprisingly, when NAFTA became a political reality, environmentalists argued that commercial competition would weaken environmental standards in Canada and the United States and industrial growth in Mexico would further damage its weak environmental infrastructure. NAFTA's huge success in expanding free trade has concentrated population and environmental abuse at the US-Mexico border where it is most visible to Americans. Many environmental groups blame NAFTA and, drawing on its experience, now oppose new trade initiatives.Does the NAFTA record on the environment since 1994 justify its criticism? In this seven-year analysis, the authors review NAFTA's environmental provisions, including a side accord--the North American Agreement on Environmental Cooperation (NAAEC), the situation at the US-Mexican border, and the trends in North American environmental policy. They emphasize that the environmental problems of North America were not the result of NAFTA and the NAAEC was not devised to address all of them. The authors recommend ways to better NAFTA's environmental dimension in all three countries, and improve living conditions where economic growth is greatest--at the US-Mexican border. It makes more sense to tackle the shortcomings than to lament NAFTA and the economic growth it promotes.