A discussion of the weaknesses of the North American Free Trade Agreement (NAFTA).
Written in 2008; 1,685 words; 8 sources; MLA; $ 54.95
Paper Summary:
This paper takes a look at the positive and negative effects the North American Free Trade Agreement (NAFTA) has had in Canada, the United States and Mexico. The paper asserts that NAFTA has taken on somewhat mythical proportions in the minds of its proponents and detractors alike. It holds that NAFTA has primarily struck a dissonant tone with the U.S. and Mexico, while Canada largely accepted its utility. To its detractors NAFTA offered a convenient scapegoat for all of the economic woes since its inception in January 1994, and to its proponents it has been responsible for most of the economic growth periods of the last 10 years. Yet, beyond all the hype, rhetoric, and ideology superficially imposed on it, NAFTA was a dynamic process that required monumental negotiation commitment on the part of the signatories and certainly on the part of Canada as the smallest market.
The paper concludes that, although NAFTA comes with its negative attributes, it has largely proven a boon to the Canadian economy and the country would be ill-advised to withdraw from the treaty.
"While NAFTA has been somewhat contentious since before its inception, the economic results of the agreement have proven largely inline with the positive projections associated with NAFTA by its designers and supporters. In fact, the increasing reliance on free-trade agreements which essentially become a 5th column in a country's foreign policy mechanism, NAFTA has become not just an economic success but a political template for further free-trade agreements across the globe. Some researchers have pointed out that NAFTA was ground-breaking both for its visionary approach to expanded trade relationships and for its unique integration into the signatory countries' sovereignty."
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