International Marketplace
The Everyday Effects of the International Marketplace American is increasingly connected to the rest of theworld as a global economy becomes more important. We participate in the international marketplace both as providers of goods and as consumers. How we buy and sell affects us both in terms of what goods we can choose from, but also what jobs are available, and what kinds of industries will come to dominate our economy. One of the most important changes in recent years in our place in the global economy is the dropping of trade barriers with such political moves as the approval of the North American Free Trade Agreement (NAFTA). This has had an impact on our economy which has filtered down to the everyday lives of our people, both as workers and as consumers. On the one hand, NAFTA has been good in that it has caused the dropping of tariffs by Mexico and Canada, making U. S. goods more affordable in those countries. This has helped to stimulate some areas of the American economy by opening up new markets to sell our products abroad. In urging the passage of NAFTA, the Clinton Administration publications said that NAFTA would increase high wage job
It predicted job gains of approximately a million due to increased Mexican exports, and suggested that by 1995 there would be approximately 200,000 more high wage jobs created due to the opening of free markets. Likewise, the heavy truck and equipment section of the automotive industry has likewise moved many of its plants to Mexico to take advantage of the cheap labor. Available: America Online, keyword:@Times. After four years of stability, apparel industry jobs plunged suddenly last year, falling more than ten percent from 945,000 at the end of 1994 to 346,000 in 1995. One effect of the global marketplace is in the political area. The approximate 100 people let go in Pisgah this year were emotionally devastated. Similar complaints have been made about job and industry losses to other parts of the world also, especially to Third World nations where labor is very cheap, and the goods that are then imported from those same companies can undercut the competing goods made in America. Today there are barely two dozen such jobs left.
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