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How does NAFTA affect US economy Essay Example

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How does NAFTA affect US economy

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David significantly states that, trade among the NAFTA members more than quadrupled in the past two decades, from $297 billion in 1993 at its conception to $1.2 trillion in the year 2012.The author of this publication outlines that, even though there are very many positives to the treaty, its side effects cannot be ignored. The author says that economists note that earnings have not kept pace with U. They further outline that there is a perpetual rise in the income disparity in the United in recent years, part of which is related to strains on the base of U. To some extent, the economists say that, trade pacts have rushed the speed of these changes, that is, they have "reinforced the globalization of the American economy.” The source will provide significant information for negative arguments.According the author of this source, this trade treaty has led to mishandling of environmental issues as companies and manufactures scramble to attain leadership of the market. The study brings into mix environmental and constitutional aspects of the treaty to this research paper hence will form a significant portion for both positive and negative arguments.In this highly technical and comprehensive book, the author argues that since inception of NAFTA, the United States’ foreign direct investments to Canada and Mexico have more than tripled. The two countries also increased their foreign direct investments to the U.S contributing to more jobs in areas of accounting, finance, banking, insurance and health services. The book is important to this study because it provides a comparison NAFTA signatories to Latin American countries basing its arguments on reduced investors risk. Department of Agriculture, Economic Research Service: http://www.aspx, viewed on August 14, 2012.Oil is a crucial right for the U. This publication provides information about how NAFTA lowered prices of oil imports from the signatory countries especially Mexico a move that helped to ease the over reliance of U.S on oil from the Middle East. The publication is an important source because it provides a linkage between one important sector of the economy and other important sectors.According to this publication, there are persistent and wide disagreements on how and to what scale NAFTA is responsible for alterations in net in the U. The proposers and supporters of NAFTA and many other U. economists observe a positive impact on U. They note that due to NAFTA new

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