NAFTA

Paper Summary:

This paper discusses the positive benefits of NAFTA with reference to its unique political and foreign policy attributes as well as to specific economic improvements for its signatory countries. Specifically, the U.S. textile, pet food and soybean industries have all seen massive growth in exports. Yet, these improvements have not been one-sided since both Canada and Mexico have experienced large increases of exports to the U.S. market as well."

From the Paper:

"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 to act as a sort of 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. 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: Viewing NAFTA as the prototype of a Free Trade Area of the Americas...The message seems to be that, even if a Free Trade Area of the Americas is achieved, three-party NAFTA will remain a distinct sub-group within it, retaining for Canada and Mexico some U.S. ..."

More papers on NAFTA :

• Analytical Essay # 129850 : "The Effect of NAFTA on US Jobs"
• Research Paper # 89982 : "Effects of NAFTA on Mexico"
• Essay # 83641 : "The North American Free Trade Agreement (NAFTA)"
• Essay # 88191 : "NAFTA"

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