NAFTA

e the quality of life of citizens in both countries. Not only did removing the tariffs make it possible for companies and manufacturers of Canada and Mexico to increase profits, it also lowered the price of foreign goods. These new lower prices were now able to compete with the domestic products in the United States. Although usually slightly lower in quality the products made up for their lacking by holding a lower price tag. In Canada most of the predicted effects occurred as suspected. The exports in Canada rose significantly, far out performing exports to the United States and Mexico than in any year previous. Thanks to the economic boom thousands of new jobs were created and filled by unemployed Canadians. More companies then saw opportunity in Canada and opened new plants and factories to take advantage of what is showing to be the healthiest economy Canada has ever experienced. Mexico, like Canada saw results that were similar to what had been expected. Many companies and manufactures saw great economic opportunity in Mexico more so than in Canada. In a country where the government had no set minimum wage rate and a high unemployment rate, factors were perfect for these businesses to make huge profits, never having to worry about filling positions. In Mexico employers could build the same plant as they would have in the United States and fill it with employees making as little as a dollar or less per hour. Union comparisons show jobs paying $10.12 an hour in the U.S. are going for $1.51 in Mexico. These wages and job opportunity are welcomed with open arms money to the unemployed citizens of a poverty stricken country like Mexico. Large businesses are seeing savings of six to ten dollars per hour. That figure times the number of employees it takes to run one of these factories translate into huge profits. Cheaper production was the drive behind many companies relocating to Mexico. Because of this exports from Mexic...

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NAFTA. (2000, January 01). In MegaEssays.com. Retrieved 21:21, September 02, 2026, from https://www.megaessays.com/viewpaper/23224.html