Robert E. Scott, arguing for the prosecution of NAFTA contends that “the most visible negative impact of NAFTA to be increased trade deficits and job losses” (Bethel University, 2006, p.290). Capitalism produces winners and losers and I believe that some segments of American manufacturing came out as the losers as a result from NAFTA. Case in point, before NAFTA, there was several thriving textile and clothing manufacturers in operation in this region of Northwest Tennessee which have subsequently vanished. And as manufacturing disappeared here and other areas around the country the only available employment opportunities left for many displaced workers was in the service sector (Bethel University, 2006). As more and more workers were chasing fewer and fewer service sector jobs the result was to depress wages across the board (Bethel University, 2006). NAFTA has also given employers a readymade and powerful weapon to add to their already formidable arsenal in their war to crush organized labor in the form of holding threats of relocating plants and outsourcing jobs over the heads of workers either in their attempts to organize or in negotiations over union contracts (Bethel University, 2006). Another threat to the U.S. manufacturin...
... middle of paper ...
...ding the dramatic increase in exports to the U.S. from China and also technological advances that increase productivity (Bethel University, 2006). In fact, economist John Kenneth Krantz asserts that “If productivity continues to increase through technological advances, it is conceivable that only 2 percent of total employment will be needed to manufacture everything society needs in the future” (2010). Should this happen, the whole NAFTA debate would have become purely academic.
Bethel University. (2006). Business, government & the international economy. Boston: McGraw
Krantz, J. (2010). A race to the bottom. Monthly Labor Review, 133(12), 42-43. Retrieved from
Picht, J. (2010, August 14). Casualties of Mexico’s drug war. Washington Times. Retrieved from
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- In America’s presidential race this year NAFTA has been a highly debated topic with both sides holding different views and opinions. The North American Free Trade Agreement (NAFTA) is a trade agreement between Mexico, Canada, and the United Stated signed into law in 1993. NAFTA was created to break down trade barriers between these three nations while increasing jobs and economic growth in the United States (Karaim 702). NAFTA’s impact on the United States economy, however, has not been as positive as predicted.... [tags: United States, International trade]
1517 words (4.3 pages)
- The North American Free Trade Agreement was created with the intentions of making North America as a whole a more competitive player in the global marketplace. Canada, America, and Mexico all share the same hope that NAFTA will be a strong outlet in supporting economic activity and promoting social cohesion between one another. Has NAFTA done this thus far. Most American’s, specifically economic patriots, would probably say that it has not because in their eyes free trade has taken away American jobs and has put America in a financial downturn.... [tags: nafta, free trade, global market]
1125 words (3.2 pages)
- Within international trade, there are five different levels of free trade economic integration. As the states move up to higher levels of integration, their sovereignty is slowly eroded away – in the first level all sovereignty is maintained and in the last level all sovereignty is forfeit. The first level is that of free trade areas and associations. These are agreements that eliminate tariffs between two or more states. Each state removes their tariffs, but their own national laws and sovereignty to uphold those laws remains in tact.... [tags: International trade, Free trade]
1622 words (4.6 pages)
- The North American Free Trade Agreement (NAFTA) refers to an agreement that was made in the year 1994 between the United States, Canada, and Mexico. It helped in lifting various restrictions that had been imposed on importation and exportation of agricultural products between these three states. The agreement brought about policies that were impacted immediately in accordance to the agreement. However, there were others that took over 15 years to be implemented (Hymson et, al. 226). The provisions provided by the North American Free Trade Agreement (NAFTA) were set in place by 2008 between the North American countries.... [tags: Economy, Mexico, Agriculture]
2543 words (7.3 pages)
- Introduction Trading goods and services nationally as well as international is one way in which a country’s economy grows. The purposes of such agreements is to become more globalize and for countries to have better access to foreign goods. With this in mind, trading agreements always come with advantages as well as disadvantages to each participant country. Two of the most famous trading agreements are the North American Free Trade Agreement (NAFTA) and the Trans-Pacific Partnership (TPP). Question No.... [tags: United States]
714 words (2 pages)
- Roughly fifteen year ago the United States entered into an agreement with its neighboring countries Canada and Mexico. With the incarnation of this intercontinental free trade agreement; the United States acting as the conduit would not only increase trade productivity for itself but, allot its sister nations to the north and south the same advantages. The North American Free Trade Agreement (NAFTA) is beneficial to America because, it encourages the expansion of job opportunities, abolishes taxes and tariffs that can restrict the flow of imports and exports, and supplies the States with goods and services at lower costs causing profits to increase exponentially.... [tags: US Politics]
1791 words (5.1 pages)
- 1.1 Authorisation and Purpose This report has been authorised by Sajid Anwar (Course Coordinator for BUS708 – International Trade and Finance) for completion in trimester 1, 2014, at the University of the Sunshine Coast. The purpose of this report is to examine the North American Free Trade Agreement (NAFTA) and the consequences of such an agreement on the American textile industry. 1.2 Limitations No primary data or information could be obtained for the completion of this report. Due to budget and time restraints, no primary research was conducted for the development of this report; all information in this report has been obtained from secondary sources.... [tags: consequences, textile industry]
1793 words (5.1 pages)
- The North American Free Trade Agreement NAFTA's proponents promised benefits for the U.S., Canada and Mexico. Benefits such as new U.S. jobs, higher wages in Mexico, a growing U.S. trade surplus with Mexico, environmental clean-up and improved health along the border—all have failed to take form. It is commonly believed that free trade between nations is a mutually beneficial arrangement for all parties involved; indeed, this is held to be an absolute truth. Though free trade is undoubtedly the most effective form of commerce between countries from a purely economic standpoint, increasingly we find that our so-called "free trade agreements" are horribly unbalanced.... [tags: Papers]
3025 words (8.6 pages)
- The North American Free Trade Agreement Since the birth of this great nation in 1776, the United States has remained a dominant world power in many aspects. The American standard of living has been the envy of the world, powered by an economy rivaled by nearly no one. Our economy continues to be the rock with which the global economy can lean on, as evidenced by nations that rely on huge reserves of the dollar because of its stability as a means of settling international debts. Unfortuneatly, despite the solidity that our economy is so often associated with, we have accumulated a 5 trillion dollar (that's 9 zeros) national debt.... [tags: essays research papers]
2025 words (5.8 pages)
- The North American Free Trade Agreement (NAFTA) an agreement which allows international trade between the United States, Mexico, and Canada without the penalties of import and export taxes was approved by the American, Mexican, and Canadian Governments between November 1993 and January 1994. There were several very good objectives in mind when developing the idea for the NAFTA, but as history has told us, ideas never work as well in reality as they do on paper. The unforeseen negative impacts of North American Free Trade Agreement include a loss of blue collar jobs in the United States, a reduction in the import and export taxes that are gained from the international trade between the three... [tags: Business Case Studies]
553 words (1.6 pages)
- Should Social Security Be Changed to Include Personal Retirement Accounts?
- 16QAM and Hexagonal 16QAM Optical Transmitter Using a Dual-Driven IQ Modulator Driven by 4 Binary Signals
- NO DREAMER IS EVER TOO SMALL, NO DREAM IS TOO BIG
- Understand the Design of NAT – Why Is It Used?
- Primary Source Material on the Web
- Marriage: The Many Opinions