Download or read book North American Free Trade written by Nora Claudia Lustig and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proposed North American Free Trade Agreement (NAFTA) represents a historic change in relations among Canada, Mexico, and the United States. The effect of the agreement on the three economies has generated controversy and some degree of alarm within each country. In this book, noted trade and development experts review the available literature on the effects of NAFTA on the three member countries and the world trading system. They evaluate how NAFTA will affect areas such as economic growth, employment, income distribution, industry, and agriculture in Canada, Mexico, and the United States; and consider the significance the trade agreement holds for the rest of the world. Drusill K. Brown begins the discussion by providing an overview and comparison of the general results from recent studies. Raúl Hinojosa-Ojeda and Sherman Robinson explore in greater detail the potential effects of NAFTA on wages and employment in Mexico and the United States. Sidney Wintrab reviews industry-specific effects of NAFTA, in particular, the environment, the social agenda, and human rights and democracy. Finally, Carlos Alberto Primo Braga considers the implications of NAFTA on the rest of the world. Following each of these chapters, international scholars assess the alternatives and provide recommendations for future research.

Download or read book North American Free Trade Agreement written by Khosrow Fatemi and published by Springer. This book was released on 1993-10-15 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a collection of timely and detailed articles on the North American Free Trade Agreement written by experts in the field who examine the Canadian, US and Mexican points of view. The scholars provide an overview as well as their insights of how NAFTA impacts on macroeconomic issues, national perspectives and bilateral issues, cross-border and industry-specific issues and the environment. This book serves as an excellent primary source of information on many of the significant aspects of NAFTA.

Download or read book Potential Impact on the U S Economy and Selected Industries of the North American Free Trade Agreement written by DIANE Publishing Company and published by DIANE Publishing. This book was released on 1995-10 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines (1) the overall economic effects of the NAFTA on the economies of the U.S., Mexico, and Canada; (2) the key NAFTA provisions and related legal changes that may affect individual sectors; and (3) the short- and long-term impact of NAFTA on important industrial, energy, agricultural, and service sectors of the U.S. economy. Also summarizes recent economic developments in Mexico. Tables and figures.

Download or read book The Mexico U S Free Trade Agreement written by Peter M. Garber and published by MIT Press. This book was released on 1993 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: The seven contributions in this book examine the potential impact of a North American Free Trade Agreement (NAFTA) with Mexico on the U.S. economy. They cover such key aspects as the general sources of comparative advantage between Mexico and the U.S., regional and local effects on production and employment, and the effect on production in particular industries. The authors start from the premise that the trade agreement will have a small impact on the overall U.S. gross national product because the U.S. economy is large compared to that of Mexico and because there is already much unrestricted trade between the two countries. Several chapters consider how some sources of comparative advantage that cut across industries differential environmental regulations and wage differentials - may affect the outcome. These are followed by chapters that assess the locational effects on U.S. production, either from the viewpoint of which metropolitan areas will gain employment or of the scale effects-transportation cost-tradeoff. Concluding chapters address the effect of the NAFTA on several individual U.S. sectors such as agriculture, automobiles, and financial services. Peter M. Garber is Professor of Economics at Brown University. Contents: Introduction, Peter M. Garber. Environmental Impacts of a North American Free Trade Agreement, Gene M. Grossman, Alan B. Krueger. Wage Effects of a U.S.-Mexico Free Trade Agreement, Edward E. Leamer. Some Favorable Impacts of a U.S.-Mexico Free Trade Agreement, J. Vernon Henderson. Mexico- U.S. Free Trade and the Location of Production, Paul Krugman, Gordon Hanson. Trade with Mexico and Water Use in California Agriculture, Robert C. Feenstra, Andrew K. Rose. The Automobile Industry and the Mexico-U.S. Free Trade Agreement, Steven Barry, Vittorio Grilli, Florencio Lopez-de-Silanes. Opening the Financial Services Market in Mexico, Peter M. Garber, Steven R. Weisbrod.

Download or read book A Review of the Assessments of the Likely Economic Impact of NAFTA on the United States written by Gregory K. Schoepfle and published by . This book was released on 1993 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The North American Free Trade Agreement written by Marc Grezlikowski and published by GRIN Verlag. This book was released on 2009-07-23 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2007 in the subject Politics - Region: USA, grade: 2,3, Free University of Berlin, language: English, abstract: In the wake of globalization, many countries are reducing trade barriers and tariffs, resulting in a rise of free-trade areas in which the participating countries trade freely among each other without any restrictions. The goal of these agreements is the increase of wealth in each nation’s economy. To reach this goal, the USA, Canada and Mexico negotiated the North American Free Trade Agreement (NAFTA) which came into effect on January, 1st 1994. It was the world’s largest free-trade area with a combined population of over 360m people and a total GDP of 6$ trillion. Today, the NAFTA area comprises a 12.5$ trillion economy and a 430m strong population. For the first time, two highly industrialized, rich countries affiliated themselves with a poorer, newly industrialized country. At the time of its ratification, the agreement was extremely controversial in all three member states and opinions in political camps differed vastly. Supporters of the contract were mostly big companies and investors who were hoping that it would loosen restrictions and barriers on the capital market. Opponents of the agreement were trade unions which, especially in the United States, railed heavily against it. They feared outsourcing and massive job displacements to Mexico, a country in which labor is incredibly cheap and environment protection laws are lax or do not even exist. In Mexico, landowners were skeptical of NAFTA because they feared unfair competition with US-American farmers who are still to this day greatly subsidized by the government.

Download or read book How NAFTA Will Affect U S Agriculture written by United States. Congress. Senate. Committee on Agriculture, Nutrition, and Forestry and published by . This book was released on 1994 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book NAFTA as a Model of Development written by Richard S. Belous and published by State University of New York Press. This book was released on 1995-08-10 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the North American Free Trade Agreement (NAFTA) in terms of its implications for job creation, reduced tariffs, and increased investment. Although the regional trading blocs merging in Europe, North America, and East Asia differ strikingly, there is one basic feature common to each--the formation of regional trading blocs involves a uniting of high- and low-wage areas. The authors address this issue directly, questioning whether NAFTA will promote upward or downward convergence of compensation rates, unit labor costs, and benefit levels. Equally important, they consider whether this trading arrangement will promote economic growth, investment, and efficiency. Viewpoints from the U.S., Canada, and Mexico and from the business and labor communities are included.

Download or read book The North American Free Trade Agreement written by Elgie McFayden and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The North American Free Trade Agreement (NAFTA) was signed by President William Jefferson Clinton in 1992. Although NAFTA is a trade and tariff initiative it has profound consequences for labor and the U.S. economy. Since its implementation NAFTA has resulted in the permanent elimination of more than 766,000 employment opportunities for non-degree U.S. workers, compelled various manufacturing companies to relocate to Mexico, increased the trade deficit between the U.S. and Mexico on several occasions since 1994 and led to a decline in real wages among both U.S. and Mexican workers. While the goal of NAFTA is to reduce trade barriers between three nations, the United States, Canada and Mexico, the goal of this research endeavor is to determine the impact of NAFTA on local economies, employment opportunities in specific industries and on wages in the U.S. The premise behind this study is that reducing trade barriers increases competition among manufacturers in the three nations involved and forces U.S. manufacturers to reduce production costs in various ways. The reduction in trade barriers, particularly between the U.S. and Mexico, forces U.S. manufacturers to compete in the market place against a nation with poor labor standards and lower overhead. This clearly has profound consequences for U.S. workers, local economies and employment opportunities. This paper is an attempt to better understand and objectively assess the impact of NAFTA on U.S. workers. This paper relies on multiple statistical procedures including regression analysis to determine the strength of the relationship between the NAFTA legislation and key indicators specific to American workers and local economies.

Download or read book North American Free Trade Agreement NAFTA and Supplemental Agreements to the NAFTA written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1994 with total page 860 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Introduction to the United States Mexico Canada Agreement written by David A. Gantz and published by . This book was released on 2021-02-12 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States-Mexico-Canada Agreement (USMCA), a modified and modernized version of the North American Free Trade Agreement (NAFTA), will continue to govern most economic relationships in North America, including the more than $1.3 trillion in annual regional trade in goods and services, for the foreseeable future. USMCA preserves the bulk of the NAFTA structures that permit North American manufacturers to compete effectively with their European and Asian counterparts in North American and foreign markets. Once in effect, USMCA should largely resolve the chilling effect on investment and new hiring generated by three years of uncertainty over NAFTA's future. This book provides a detailed analysis and critique of the provisions of the USMCA and the USMCA's relation to NAFTA. It is designed to assist lawyers and non-lawyers alike, including law, economics and public policy scholars, business professionals and governmental officials who require an understanding of one of the worlds' most economically and politically significant regional trade agreements.

Download or read book The North American Free Trade Agreement NAFTA written by M. Villarreal and published by Createspace Independent Publishing Platform. This book was released on 2017-02-28 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The North American Free Trade Agreement (NAFTA) entered into force on January 1, 1994. The agreement was signed by President George H. W. Bush on December 17, 1992, and approved by Congress on November 20, 1993. The NAFTA Implementation Act was signed into law by President William J. Clinton on December 8, 1993 (P.L. 103-182). The overall economic impact of NAFTA is difficult to measure since trade and investment trends are influenced by numerous other economic variables, such as economic growth, inflation, and currency fluctuations. The agreement likely accelerated and also locked in trade liberalization that was already taking place in Mexico, but many of these changes may have taken place without an agreement. Nevertheless, NAFTA is significant, because it was the most comprehensive free trade agreement (FTA) negotiated at the time and contained several groundbreaking provisions. A legacy of the agreement is that it has served as a template or model for the new generation of FTAs that the United States later negotiated, and it also served as a template for certain provisions in multilateral trade negotiations as part of the Uruguay Round. The 115th Congress faces numerous issues related to NAFTA and international trade. President Donald J. Trump has proposed renegotiating NAFTA, or possibly withdrawing from it. Congress may wish to consider the ramifications of renegotiating or withdrawing from NAFTA and how it may affect the U.S. economy and foreign relations with Mexico and Canada. It may also wish to examine the congressional role in a possible renegotiation, as well as the negotiating positions of Canada and Mexico. Mexico has stated that, if NAFTA is reopened, it may seek to broaden negotiations to include security, counter-narcotics, and transmigration issues. Mexico has also indicated that it may choose to withdraw from the agreement if the negotiations are not favorable to the country. Congress may also wish to address issues related to the U.S. withdrawal from the proposed Trans-Pacific Partnership (TPP) free trade agreement among the United States, Canada, Mexico, and 9 other countries. Some observers contend that the withdrawal from TPP could damage U.S. competitiveness and economic leadership in the region, while others see the withdrawal as a way to prevent lower cost imports and potential job losses. Key provisions in TPP may also be addressed in 'modernizing' or renegotiating NAFTA, a more than two decade-old FTA. NAFTA was controversial when first proposed, mostly because it was the first FTA involving two wealthy, developed countries and a developing country. The political debate surrounding the agreement was divisive with proponents arguing that the agreement would help generate thousands of jobs and reduce income disparity in the region, while opponents warned that the agreement would cause huge job losses in the United States as companies moved production to Mexico to lower costs. In reality, NAFTA did not cause the huge job losses feared by the critics or the large economic gains predicted by supporters. The net overall effect of NAFTA on the U.S. economy appears to have been relatively modest, primarily because trade with Canada and Mexico accounts for a small percentage of U.S. GDP. However, there were worker and firm adjustment costs as the three countries adjusted to more open trade and investment. The rising number of bilateral and regional trade agreements throughout the world and the rising presence of China in Latin America could have implications for U.S. trade policy with its NAFTA partners. Some proponents of open and rules-based trade contend that maintaining NAFTA or deepening economic relations with Canada and Mexico will help promote a common trade agenda with shared values and generate economic growth. Some opponents argue that the agreement has caused worker displacement.

Download or read book Study on the Operation and Effects of the North American Free Trade Agreement written by DIANE Publishing Company and published by DIANE Publishing. This book was released on 1998-05 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a comprehensive assessment of the operation and effects of the North American Free Trade Agree. (NAFTA). It includes the economic effects in aggregate and in selected manufacturing sectors and in agriculture. Also includes sections on the implementation of the NAFTA environmental (cooperation, institutions, and enforcement) and labor agreements (Mexican enforcement of labor law, the North Amer. Agree. on Labor Cooperation). Reviews the findings from a variety of outside studies and analyzes Mexican and U.S. data, attempting whenever possible to isolate the effects of NAFTA from other factors. Charts and tables.

Download or read book Agriculture in a North American Free Trade Agreement written by and published by . This book was released on 1992 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Understanding NAFTA written by William A. Orme and published by University of Texas Press. This book was released on 1996 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Very readable book written during height of NAFTA debate. Remains a valuable resource for discussing impact of the trade agreement in Mexico and US"--Handbook of Latin American Studies, v. 57.

Download or read book The North American Free Trade Agreement NAFTA and Its Impact on the Textile apparel fiber and Auto and Auto Parts Industries written by United States. Congress. House. Committee on Government Operations. Commerce, Consumer, and Monetary Affairs Subcommittee and published by . This book was released on 1993 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Path Forward for NAFTA written by C. Fred Bergsten and published by Peterson Institute for International Economics. This book was released on 2017-07-31 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The North American Free Trade Agreement (NAFTA) ranks at the top of anyone’s list of the most controversial trade deals of all time. Reviled by critics as unfair and as a job destroyer, praised by its defenders as having a documented record of success in spurring economic growth, NAFTA reduced tariff barriers to zero for the United States, Mexico, and Canada and led to a tripling of trade among these three countries over the last 23 years. The Peterson Institute for International Economics (PIIE) has abundantly detailed the many gains and acknowledged costs of NAFTA in numerous publications. Now that President Donald Trump has launched a renegotiation of NAFTA—having at least for the moment abandoned his 2016 campaign pledge to cancel the pact outright—the fundamental question is: Can such a renegotiation produce a positive result? A broad range of experts who have contributed to this PIIE Briefing say “yes.” The new negotiations can succeed only if they focus on how the agreement can be updated and upgraded, however. NAFTA can be modernized only if President Trump’s zero-sum “America First” agenda is replaced by one that seeks to benefit all three countries and improve their competitiveness in an increasingly competitive global economy. Prioritizing American interests is of course essential in any US trade negotiation. But an obsessive concern about bilateral trade balances and narrow special interests in the United States, as opposed to broader national and regional interests, would not only deadlock the negotiations but also likely lead to inferior outcomes for all three countries, or even a breakdown in the talks and an abrogation of the agreement. And walking away from NAFTA altogether would be disastrous for consumers, producers, and retailers in the United States. As argued in several chapters of this Briefing, abandoning NAFTA would degrade regional competitiveness and terminate jobs across North America, undoing the integration achieved since the agreement’s inception.