NAFTA: Economic Exploitation

Paper Summary:

The paper explores the controversy over whether NAFTA has had a negative economic impact on Canada, the United States and Mexico. The paper examines the position of those who support this agreement but argues in favor of critics that have blamed NAFTA for job losses, domestic industrial production declines, agriculture market instability and numerous related economic problems such as the outflow of professionals from Canada and Mexico to the United States. The paper strongly believes that NAFTA has had a negative impact on most North Americans and has benefited only the wealthy and the business elite.

From the Paper:

"The past thirteen years have demonstrated that the implementation of the North American Free Trade Agreement has generated endless debate over whether NAFTA has had a negative impact on Canada, the United States, and Mexico in terms of jobs, the environment, industry, agriculture, and investments. Many critics justifiably blame NAFTA for this wide range of interrelated problems across North America, for it has inflicted economic, political, social, and cultural harm throughout the entire continent since its passage in 1994."

Sample of Sources Used:

• Barkin, David, Ortiz, Irene, and Roen, Fred. (1997). "Globalization and Resistance." NACLA, Report on the Americas, Vol. XXX (No. 4). Page 26.
• Benequista, Nick. (2004). "Mexican Unemployment Rises to Near Six-Year High."Online. Available: http://quote.bloomberg.com/apps/news?pid=71000001&refer=latin_ america&sid=aHkgA0Boc6.Y. 24 March 2007.
• Lassanyi, Mary. (1998). North American Free Trade Agreement (NAFTA): Mexico. New York: DIANE Publishing.
• Stack, Stacey. (2006). "Women and NAFTA: Challenging Socioeconomic Instability." Online. Available: http://depts.washington.edu/canada/nafta/chapters/15 stack/nafta.htm. 23 March 2007.
• Weintraub, Sidney. (2004). Nafta's Impact on North America: The First Decade.Washington D.C.: Center for Strategic and International Studies.

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