Analyze the data on inflation rates, interest rates, and growth rate forecasts in Table to determine what
Question:
ELABORATE THE DEBATE ON NAFTA
PROS:
1. Trade between Mexico, Canada, and U.S. has tripled to $1 trillion.
2. Food exports to Mexico have grown at 8 percent annually.
3. Mexico has increased its exports and foreign direct investment.
4. U.S. manufacturing has become more cost competitive using components and subassemblies from Canada and Mexico.
CONS:
1. 100,000s of U.S. jobs have shifted below the border.
2. Wage concessions have been forced upon those U.S. workers who remain employed in industries that outsource to Mexico.
3. The United States has run a persistent trade deficit with Mexico andCanada.
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Related Book For
Managerial economics applications strategy and tactics
ISBN: 978-1439079232
12th Edition
Authors: James r. mcguigan, R. Charles Moyer, frederick h. deb harris
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