NAFTA: Curse or Commerce? "The free trade argument states that, if each nation produces what it does best and permits trade, over the long run all will enjoy lower prices and higher levels of output, income, and consumption that could be achieved in isolation." (Lewis 29) The North American Free Trade Agreement (NAFTA), implemented in January of 1994, created a situation in North America in which there are no taxes on most products imported and exported between …
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showed last 75 words of 1420 total
…off in their predictions. Now Canada, and the rest of the western hemisphere, will suffer. Works Cited Dentzer, Susan. The Pain and Gain of Trade. U.S. News Sept. 1992 Harbrecht, Douglas. What Has NAFTA Wrought? Plenty Of Trade. Business Week Nov. 21, 1994: 48-49 Lewis, Charles, and Margaret Ebrahim. Can Mexico and Big Business USA Buy NAFTA? The Nation June 14, 1993. Schmidt, Steffen W., Mack C. Shelley, Barbara A. Bardes. American Government And Politics Today. London : Wadsworth Publishing, 1999.