NAFTA's Backlash

Paper Summary:

This paper examines how the ill effects that stem from a decade of misguided trade policies have left average, hard-working Mexican and American citizens faced with a lonelier and more desperate set of economic circumstances than those which they found themselves experiencing prior to 1994. It looks at how the economic counter-productivity produced by the interdependence of the United States and Mexico trade relationship has been equally bad for both countries and how, ten years after its inception, NAFTA has failed to make good on its promises to both the United States and Mexico.

From the Paper:

"For the United States, NAFTA promised to increase the trade surplus with Mexico, resulting in the creation of new jobs, 170,000 a year to be exact (Levy and Bruhn, 2001: 252). NAFTA's effects on the job market, however, have not lived up to the promises. In the 1990's, the U.S. saw the creation of new jobs at a fairly high rate behind unprecedented economic growth during the Clinton administration. But during the same period nearly two million high-wage manufacturing jobs were lost, leaving half a million U.S. workers certified as NAFTA job-loss victims."

More papers on NAFTA's Backlash:

• Research Paper # 89982 : "Effects of NAFTA on Mexico"
• Essay # 83641 : "The North American Free Trade Agreement (NAFTA)"
• Essay # 88191 : "NAFTA"

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