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The Failure Of NAFTA - Online Term Paper

The Failure Of NAFTA


When the North American Free Trade Agreement, otherwise known as NAFTA, was passed, an unconstituted and unprecedented experiment in social and economic policy began. For never before had three nations with such unequal economies been so forcibly put together and forced to do business.
NAFTA opponents forecasted an economic disaster. The public also seemed to be on their side. Public opinion polls in both the U.S. and Mexico consistently found a majority of people opposed to NAFTA. Aligned against the people were the White House, the leaders of the Republican Party, big business, virtually all the economists, and a majority of the major media outlets.
Some believe that it was the ...

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In fact though over 200,000 jobs were lost because of NAFTA (Morris 22). There is a group called the Public Citizen who sponsored a project called The Global Trade Watch. They reviewed the job creation promises of dozens of corporations. One year after the passing of the NAFTA agreement, the project found that every one of those companies had already laid off many more workers than normal. The number one reason responsible for the abnormal increase in lay offs, cited by the companies? NAFTA.
In 1993 a vice president of the Mattel Corporation assured a Congressional subcommittee that NAFTA would have a very positive effect on the company’s 2,000 U.S. employees. Two years later 520 workers in Mattel’s Medina, New York plant were laid off. The reason for the lay offs? Increased company imports from Mexico that resulted from NAFTA (Mcintosh 6).
Also in ’93 NAFTA supporters used sophisticated statistical models to prove that the 1.7 billion dollar U.S. trade surplus with ...

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cholera cases the past couple of years than in the whole century. Drug trafficking is starting to run rampant. (Ruiz 26)
Clinton maybe realizing what a blunder NAFTA really was has begun to and pushed others to introduce and pass bills, amendments, and provisions to the NAFTA treaty. Such as in December, citing safety concerns, Clinton announced in indefinite delay in the NAFTA provision that would have allowed Mexican trucks to travel freely in southwestern border states.
These moves though are carefully thought out. Clinton announced the previously discussed delay mostly for the benefit of politically important California and Texas. Others have introduced bills and amendments ...

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PAPER DETAILS
Added: 3/31/2006 10:59:22 PM
Category: Economics
Type: Premium Paper
Words: 1362
Pages: 5

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