The Positive And Negative Impacts Of NAFTA
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Read the following articles and provide information from these sources and information from the trade learning resources to answer the following questions in 2 pages of written text:
Which nations are the largest trading partners of the US (describe the top 3 and what products are traded)?
Explain the reasons that these nations are the most prominent trading partners.
What is NAFTA and what are the positive and negative impacts of this trade agreement?
US Trade Agreement with the Americas-Mexico
(Links to an external site.)
Pros and Cons of NAFTA
(Links to an external site.)
The Census Provides Foreign Trade Stats
(Links to an external site.)
The Impact of NAFTA
(Links to an external site.)
LINKS:
https://ustr.gov/countries-regions/americas/mexico
(Links to an external site.)
https://www.thebalance.com/nafta-pros-and-cons-3970481
(Links to an external site.)
https://www.census.gov/foreign-trade/statistics/highlights/top/top1312yr.html
https://www.cfr.org/backgrounder/naftas-economic-impact
Use words like
Cheap foreign labor argument
Imports
Exports
Specialization
Mutual gains from trade
Absolute advantage
Comparative advantage
Mercantilism
Tariff
Quota
Export subsidy
Infant industry argument
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