NAFTA
THE NORTH AMERICAN FREE TRADE AGREEMENT.The North American free trade agreement was brought forth into law in 1994. The fundamentals of it were based on an earlier agreement already in place with Canada. The main purpose of NAFTA was to further elaborate on this previous agreement and to basically open the doors of free trade to all three of the North American nations, those being Canada , America, and Mexico. In the early days of the formation of NAFTA many citizens and politicians alike were very concerned as to the effect it would have on our economy here in the United States. The main cause for concern was directed towards the possible loss of jobs in major industries in America. The arguments that supported NAFTA were very clear and straight to the point. Opening the borders to free trade would create more business commerce, henceforth job growth. The arguments against NAFTA dealt directly with jobs as well. Not the growth of them, but the possible loss of them to lower wages that were being paid to workers in Me
Despite all the good that has come from NAFTA there are still those who believe it should never have been written into law. Our economy has never been better that it is now, and our unemployment levels are the lowest levels since the Second World War. We can now buy many thing that were previously not available before, and the prices we pay as consumers are lower. President Fox's visit, although his intentions were good, will most likely not lead to any new open !border policies between our two countries. While most Americans don't realize it NAFTA has an everyday affect on our lives. As a nation our gross domestic product also grew nearly two percent in the first three years. Recently Mexico's President Fox visited the United States to talk with not only president Clinton, but also the presidential nominees as well. The main purpose of President Fox's visit was to try and plant the seeds of persuasion to open our borders even more. With the possibility of a free trade agreement with China in the works, NAFTA has been a valuable tool for many economists to use to judge the possible effects of free trade agreements with other nations as well. With all the immigration issues in the southern United States this seems a pretty tall order, especially in an election year. This is mostly due to the huge amounts of new products flowing into our country that has caused prices to go lower and lower. In just the first three years of NAFTA over two million new jobs were created in the United States alone. Their argument states that many manufacturing jobs have been lost due to NAFTA as was expected which has left many U. Most, if not all, of this growth in the economy can be attributed to a thirty eight percent rise in expo!rts to Mexico in the first three years of NAFTA, which is totally amazing.
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Acceptance Essays
