Understanding the Effectiveness and Policy Construct of the North American Free trade Agreement (NAFTA)
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In this paper, the information and statistical data provided here on the NAFTA inter-governmental negotiations and policy regulation have been brought forth. By realizing the ideology and background of why NAFTA was originally created, the paper highlights the depleted and indebted economy of Mexico in relation to America and Canada. The debt accrued by former leaders of Mexico in the 80s reveal a need for stimulus in the Mexican economy, which the Americans were all too happy to provide.
From the Paper:"The North American Free Trade Agreement (NAFTA) was an economic policy engineered during a period of international expansion of U.S. markets. During the 70s the American trade markets were being subjected to Japanese and Russian competitiveness, which forced the American government to set restrictions and guidelines that helped to help form bonds that would compete on the world market. Williams (1993) states: There are a number of factors that led up to NAFTA. By far the most important is the relative decline in US international competitiveness. Pivotal to US decline is the rise of Japan as serious rival in the US domestic market as well as the global market. By the 1970s it was clear that the international trade system the US had constructed was no longer working solely in the interest of American corporations."
Cite this Research Paper:
Understanding the Effectiveness and Policy Construct of the North American Free trade Agreement (NAFTA) (2005, December 01) Retrieved February 28, 2024, from https://www.academon.com/research-paper/understanding-the-effectiveness-and-policy-construct-of-the-north-american-free-trade-agreement-nafta-86464/
"Understanding the Effectiveness and Policy Construct of the North American Free trade Agreement (NAFTA)" 01 December 2005. Web. 28 February. 2024. <https://www.academon.com/research-paper/understanding-the-effectiveness-and-policy-construct-of-the-north-american-free-trade-agreement-nafta-86464/>