ipl-logo

The Pros And Cons Of NAFTA

632 Words3 Pages

A recent argument, which brought globalization into the spotlight during the latest presidential debate, is NAFTA (North American Free Trade Agreement). According to the article “NAFTA’s Economic Impact” by James McBride and Mohammad Aly Sergie, President Donald Trump has promised to get rid of this agreement. He states that this agreement has taken manufacturing jobs from the rural communities and these jobs ended up in Mexico. This was an agreement between Canada, United States, and Mexico that begin in the early 1990’s. According to the article “North American Free Trade Agreement (NAFTA)” NAFTA immediately allowed free trade throughout North America elevating tax from products and services across the borders of Canada, Mexico and the United States. Controversially, in the early nineties the Mexican President viewed NAFTA as a way to modernize and improve the economy of Mexico. …show more content…

In the 1990’s “Mr. Perot famously predicted that if NAFTA is enacted, Americans will hear ‘a giant sucking sound’ of jobs heading south of the border” according to the book Globalization by Donald J. Boudreaux. Ross Perot had some concerns about the wages of Mexico being much cheaper than the United States. This cheaper labor would entice companies to move across the border to be able to pay lower wages. NAFTA was greatly supported by President Clinton and President Bush. They believed that it would create many jobs for the United States. The United States has currently completed free trade agreements with over twenty countries. These deals are believed to contribute to the job loss and wages never increasing. (McBride and

Open Document