It is understandable that you have been able to ask this question, but i'm not sure what your're expecting from me.
the north american free trade agreement known as nafta was a trade agreement between canada, the united states and mexico. the treaty went into effect in 1994, the full benefits of the treaty were not realized until years later when all three economies had matured enough to take advantage. in terms of trade in manufactured goods, a study by global insight found that exports from border states grew six times faster than exports from other u.s. states after nafta went into force. so when examining this it would be worth understanding what kind of trucking company or shipping company operates out of your state – do they import anything
how did nafta affect the automotive industry?
one of the major causes for the decline in the automotive industry is the north american free trade agreement (nafta). nafta has caused a huge increase in competition and globalization, and this has severely affected manufacturing jobs all over america.
for example, automakers like general motors were given incentives to move their production lines south of the border to take advantage of lower wages. this resulted in extensive job loss for many communities across north america. furthermore, since these companies are mainly about exports now that have production abroad, it means that they are not investing as much into research that could benefit manufacturing closer to home – which also hurts our industry here. finally, because these workers are so far away from where they should be living if they want to keep
how did the us benefit from nafta?
the united states and canada enjoy a long history of trading across the border. in 1971, both countries achieved a volume in trade that qualified them for preferential trading status from each other under the generalized system of preferences (gsp). in 1988, president reagan worked with premier mulroney to create nafta, which granted both mexico and canada access to u.s. markets without increasing the cost or distribution of goods imported into the us. since then, trade between nafta partners has increased by 470%. we have created a subsequent revision since then – cafta-dr – to include central america and parts of south america in our trade area.
what industry benefited the most from nafta?
the united states.
nafta gives the us access to the most competitive labor market in north america, with an educated workforce producing at world class standards at a fraction of the cost. this has led to lower priced exports for consumers in canada and mexico, which helps reduce inequality at home by increasing demand for domestic production – promoting economic growth. as nafta deepens integration across north america, higher wage growth will lead to more american consumers being willing to spend on imports – higher prices they may have balked at before nafta, but are now becoming more affordable due to wages having increased without any lowering in our level of living standards.
case study: nike uses mexican manufacturers that pay their workers about $4 per hour when they would
who benefited the most from nafta in the us?
the united states benefited the most from nafta because it was able to import cheap goods cheaply and export expensive goods at higher prices.
the biggest leaps in economic growth for mexico were during times when there were greater trade agreements with the european union, canada, and the united states. this is mostly due to price differences between manufactured products that can be imported or exported; not tariffs (higher rates charged on foreign imports). tariffs are low enough now that they're unlikely to affect your country's gdp much one way or another should you decide to leave nafta.
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