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The Pros And Cons Of NAFTA

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Article website: http://www.camaralusomexicana.org/sites/default/files/deepper_better_nafta.pdf The name of the article :
Deeper,better,NAFTA
The full name of NAFTA is the North American Free Trade Agreement, this agreement is negotiated by United States of America, Canada, and Mexico these three countries.
The date of entry into force of this agreement is January 1st, 1994.The North America
Trade Agreement announced to form. After the that, the economy of these three countries have a significant growth. Until now, North American Free Trade Agreement has a persistent aim in the broader debate by free trade, because it can lead to a shift in production, jobs for Mexico. Compared to United Stated of America and Canada,
Mexico is a developing …show more content…

The biggest beneficiary among these countries is Mexico. According to the article, USA trade with Mexico increased by 506% between 1993 and 2012.USA is the world’s biggest economy ,in the 2010,USA traded as much with Canada and Mexico as it did with the ‘bric country’ .The advantage of the five bric countries is :Firstly, they have a large population and the size of these countries are much bigger, based on these situation, the resource of these countries have their own advantage. (ex Pg39) For example, Russia and Brazil own different kind of resources, so have a comparative advantage (ex Pg54)on resources. For China and India, they have a comparative advantage(ex Pg57) of labour force.(ex Pg44) Secondly, economic growth potential is quite big. Due to all of these reasons, we can see the importance of North American
Free Trade Agreement, because USA trade with Canada and Mexico almost equal to
‘bric country’ in 2010.
At the beginning, the biggest problem for North American Free Trade Agreement is the how Mexico integrate with the these two developed countries United States …show more content…

The "giant sucking sound" was given by United States presidential candidate Ross
Perot,he believed would be the negative effects of the North American Free Trade
Agreement (NAFTA). Even though, from my perspective, the benefits that North
American Free Trade Agreement brings to the world is much bigger than disadvantage.
First of all, the territorial economic and the development of trade has a good impact on the United States, the good impact is:1. Not only the industrial manufacturing enterprises can get benefits, the high-technology industrial section will also increase exports to Canada and Mexico. 2. The expansion of investment in the west part of
United states. 3.As a result of the adjustment of production and trade structure, a large number of labor force will appear in the key industrial sectors.4. North American Free
Trade Agreement will play a role in restricting Mexico's immigration to the United
States.
For Mexico, North American Free Trade Agreement bring a significant increase to farm exports from mexico to the United States, which have tripled since North
American implementation. At the same time,it brings plenty of job

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