Essay On NAFTA

1281 Words3 Pages
bulb-icon

Recommended: Benefits and costs of NAFTA

The North American Free Trade Agreement (NAFTA) is an agreement between America, Canada And Mexico that coincides a triune free trade economic bloc between the three countries. NAFTA was a necessary deal to be made between the North American Nations to compete in the “Economic World Order”. NAFTA was first designed and drafted by American president George Bush senior, Canadian Prime minister Brian Mulroney and Mexican president Carlos Salinas on December the 12th 1992 in San Antonio Texas. NAFTA’S original creators where not the men that finalized the triune trade bloc but instead NAFTA was redrafted to appease all recipients of the deal and its respectful citizens. NAFTA was finalized and singed on December the 8th 1993 by American president Bill Clinton, Canadian Prime Minister Jean Chretien and Mexican President Carlos Salinas. NAFTA came in to full effect on January the 1st 1994. The history of NAFTA and its negative and Positive effect and the necessity of NAFTA will all be explained in this paper.
The first approach of “Free Trade” came on September the 26th 1985 when Bill Mulroney, the Canadian Prime Minister and leader of the Canadian Progressive (socialist) Conservative Party met with American President Ronald Reagan to discuss the possibility of creating a free trade compact with the U.S.A. On October the 4th 1987 the essential negotiations came to a conclusion creating the first draft of a North American Free Trade Agreement. On January the 2nd 1989 America and Canada sign the first draft of a “Free Trade Agreement” creating the possibility of merging all of North America’s economies to compete in the global market. With the probability of Mexico entering the agreement and the idea of cheap labor for both Canadian and A...

... middle of paper ...

... consist with the success of Mexico’s growing “GDP” thanks to NAFTA. By creating NAFTA, North America is able to not just compete in the global market but also be the supreme leader. NAFTA rules the trade of good’s and services in an international scale, with over 1.1 trillion in goods and services being traded in North America alone. NAFTA has made world markets compete at a higher level to eventually eliminate all Tariffs on a global scale for all Corporations to trade freely. The creator’s of NAFTA understood the fundamental realities, that Corporations do not have borders or belong to a single country. Corporations live and breathe without the common knowledge of patriotism. Corporations live in a “New Economic World Order”. Thanks to NAFTA the blueprint has been drawn to begin a massive change in the way the world will conduct business in the near future.

Show More
Related

  • Analysis Of The Softwood Lumber Dispute

    1204 Words  | 3 Pages

    ...an business world at odds with the free trade agreement that was drafted in 1987, with the aim of encouraging better trading through pulling back the different trade barriers that are used in international trade. The softwood lumber dispute is however straining relations between Canada and the Unites states. It has put the 1987 agreement into the background and dashed any hopes of better trading relations between the two countries. Canada is a major supplier of softwood and the united state is a major market, which it is at risk of losing. Therefore the achievement of Canadian objectives remains elusive at best. Bibliography US-Canada Free Trade Negotiations (II): The Canadian Dilemma, http://www.ksgcase.harvard.edu/case.htm?PID=862 Keith Jones, (7 September 2001) “Lumber dispute strains Canada-US relations, http://www.wsws.org/articles/2001/sep2001/lumb-s07.shtml

    Read More

  • The Canada-U.S. Trade and Economic Relationship

    1583 Words  | 4 Pages

    The United States is Canada's largest trading partner and is the largest market for Canadian goods. The Canada-U.S. Free Trade Agreement (1989) and the North American Free Trade Agreement (1994) have both been crucial to increasing market opportunities for Canadian exporters in the U.S.

    Read More

  • The Pros And Cons Of NAFTA

    1027 Words  | 3 Pages

    On January 1st, 1994, a treaty that created the largest free trade area were signed into place by the trilateral of United States, Canada, and Mexico. NAFTA is a promise made by world’s most significant corporations claiming to create many high paying jobs and raise the standard of living in the US, Canada and Mexico. As we approach its 21st birthday, NAFTA now links 450 million people producing trillion dollars’ worth of goods and services each year. However, behind this seemingly good deal, it also created many underlying issues. Beginning with NAFTA giving corporation opportunities to move factories aboard to the lower-cost Mexico. Manufacturing aboard did not only outsourced American jobs, it also caused manufacturers that remained to lower

    Read More

  • NAFTA: The North American Free Trade Agreement

    1078 Words  | 3 Pages

    Throughout history, the United States has initiated policies, peace agreements, or laws which were believed to bring prosperity, and success, however those policies as a result were created in the U.S. best self-interest. One of these policies is known as NAFTA, which was a trade agreement created to open up free trade around the globe, however this policy backfired, deeply scaring and deteriorating the Latin American economy, and its people. Specifically, NAFTA known as the North American Free Trade Agreement, took effect on January 1, 1994 was a treaty which entered by the United States, Canada, and Mexico used to eliminate tariff barriers, in order to encourage economic prosperity between these three countries. A quarter century later, the

    Read More

  • Essay On NAFTA

    624 Words  | 2 Pages

    The goal of NAFTA was to systematically eliminate most tariff and non-tariff barriers to trade and investment between the countries. NAFTA has allowed U.S., Mexico, and Canada to import and export to other at a lower cost, which has increased the profit of goods and services annually. Because the increase in the trade marketplace, NAFTA reduces inflation, creates agreements on intern...

    Read More

  • United States Trade Policy: Current and Future Role in a Global Economy

    2527 Words  | 6 Pages

    The United States has for over two centuries been involved in the growing world economy. While the U.S. post revolutionary war sought to protect itself from outside influences has since the great depression and world war two looked to break trade restrictions. The United States role in the global economy has grown throughout the 20th century and as a result of several historical events has adopted positions of both benefactor and dependent. The United States trade policy has over time shifted from isolationist protectionism to a commitment to establishing world-wide free trade. Free trade enterprise has developed and grown through organizations such as the WTO and NAFTA. The U.S. in order to obtain its free trade desires has implemented a number of policies that can be examined for both their benefits and flaws. Several trade policies exist as options to the United States, among these fair trade and free trade policies dominate the world economic market. In order to achieve economic growth the United States has a duty to maintain a global trade policy that benefits both domestic workers and industry. While free trade gives opportunities to large industries and wealthy corporate investors the American worker suffers job instability and lower wages. However fair trade policies that protect America’s workers do not help foster wide economic growth. The United States must then engage in economic trade policies that both protect the United States founding principles and secure for tomorrow greater economic stability.

    Read More

  • Neoconservatism In Canada

    626 Words  | 2 Pages

    Thesis: Beginning under Prime Minister Trudeau in 1980 and ending with Brian Mulroney in 1993, Canada underwent a massive structural shift in its economy in response to numerous economic and political factors. Put forth in a basket of neoconservative agendas, the reduction of tariffs and the signing of numerous free trade deals would prove to have long lasting ramifications for Canada and continues to prove as a political divisive issue. With recent rhetoric from President Donald Trump, a look back at the beginnings of free trade is warranted, with emphasis placed on its restructuring effects on Canada’s economy and whether or not it has met its policy objectives.

    Read More

  • Argumentative Essay On Free Trade

    2081 Words  | 5 Pages

    Few governments will argue that the exchange of goods and services across international borders is a bad thing. However, the degree to which an international trading system is open may come into contest with a state’s ability to protect its interests. Free trade is often portrayed in a good light, with focus placed on the material benefits. Theoretically, free trade enables a distribution of resources across state lines. A country’s workforce may become more productive as it specializes in products that it has a comparative advantage. Free trade minimizes the chance that a market will have a surplus of one product and not enough of another. Arguably, comparative specialization leads to efficiency and growth.

    Read More

  • Negative Effects Of NAFTA

    1300 Words  | 3 Pages

    The NAFTA is involved in this phenomenon because since the agreement involves Mexico it in turn creates job opportunities for the Mexicans and on top of that Mexican workers are part of an underdeveloped country which in turn means they are going to get less money due to the condition of their economy. And for American businessmen that is a very desirable quality in a potential employee due to how much profit the companies and factories will make simply by giving more low paying jobs to Mexicans and decreasing the American workforce. This source relates to economic globalization, because the NAFTA is essentially an economic agreement between major countries to save money and reduce trading taxes. This agreement causes an economic rise in all of these countries by causing an increase in jobs in Mexico and increasing companies’ profits in the US and

    Read More

  • Canada Is Becoming Too Americanized

    933 Words  | 2 Pages

    Canada and the United States are the largest trade partners in the world. It is the result of the geographical position of two countries and the free trade between two countries. It should be a great thing for the economies of both countries, but since the North American Free Trade Agreement was signed, American businesses almost took over the Canadian economy. When the American companies started to make more business in Canada, it brought more jobs and money to the country in the short-term. But as a long-term effect Canadians became even more depended on the U.S. as the American companies started dominating Canadian companies in Canada. Also, today Canadian manufacturers have little protection from the government when ch...

    Read More

  • Globalization: The European Union, the ASEAN Group, and NAFTA

    3413 Words  | 7 Pages

    Lipsey, Richard G.. "Will there be a Canadian-American Free Trade Association? ." The World Economy 9 (2008): 218-238.

    Read More

  • The Major Tenets Of Neoliberal Capitalism

    833 Words  | 2 Pages

    The North American Free Trade Agreement (NAFTA) represented the core points of Neoliberal capitalism because the purpose of this agreement was to create a system

    Read More

  • NAFTA Argumentative Essay

    680 Words  | 2 Pages

    During 1994 the North America Free Trade Agreement (NAFTA) was put into play as an agreement that would solve many problems associated with narcotics; however, instead of solving any problems NAFTA actually increased the numbers of individuals involved in drug related activity. The reason why NAFTA had such a negative effect in Mexico was because it favored high-class individuals and dismissed/ignored the lower classes. Agreements made between politicians in different countries are viewed as investments, investments which favor only a few and damage the vast majority. For the United States it is easy to say that something failed, yet for Mexico seeing failure is difficult because violence, deaths, and an increase in criminal activity tags along with the failing results. These failing results anger and sadden individuals but at the same time make individuals realize that there are always hidden motives to certain

    Read More

  • Argumentative Essay On Free Trade

    1045 Words  | 3 Pages

    Free trade is a form of economic policy which allows countries to import and export goods among each other with no government interference. In recent years there has been a general consensus in economist’s stance on free trade. They view free trade as an asset. Free trade allows for an abundance of goods with increased varieties and increased availability. The products become cheaper for consumers and no one company monopolizes an industry. The system of free trade has been highly controversial. While free trade benefits consumers it has the potential to hurt manufacturers and businesses thus creating a debate between supporters of free trade and those with antagonistic positions.

    Read More

  • Fair Trade Essay

    783 Words  | 2 Pages

    Fair Trade is a simple idea that improves the living and working conditions of small farmers and workers. The Fair Trade movement promotes the standards for fair labor conditions, fair pricing, direct trade, environmentalism, social policy, and community development. Businesses wishing to adopt Fair Trade practices have to purchase certification licenses, which then leads to Fair Trade Labeling Organization (FLO) sending representatives to the farms from which the products are purchased and ensures that the farmers adhere to the procedures outlined in the Fair Trade standards. Products marked by the Fair Trade label contain 100% Fair Trade certified contents. Buying Fair Trade Certified products, consumers are helping the lives of famers out of poverty through investments in their farms/communities, protecting the environment, and developing the business skills for trading. The practice of Fair Trading a good way to not only help cause awareness but also improve the lives of the workers.

    Read More

More about Essay On NAFTA

Open Document