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History - Essay Example

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NAFTA is the North American free trade agreement and was entered into force on the first of January 1994 with the help of the Clinton administration under George W Bush administration. It was signed by President Bill Clinton, Salinas who is the president of Morocco and the…
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History

Download file to see previous pages... the said countries, thereby proving how free trade can surely lead to an increase in wealth and competitiveness; with families, farmers, workers, manufacturers reaping real benefits accrued from this free trade. NAFTA developed to eliminate the trade tariffs in the three countries and was anticipated to increase the United States imports to Mexico dramatically being that lower tariffs had been introduced. It has helped boost inter-regional trade between the three countries though has not succeeded in generating of jobs and the deeper regional economic development as earlier planned. Clintons on the other hand underwent various scandals when in office including the whitewater scandal, cattle futures gate, travel gate, Gennifer flowers gate, file gate, Vince foster gate, among others. In this discussion we shall focus on these scandals and their effect to America together with NAFTA and its effects to America as well. We find Clinton having a hand in both scandals and NAFTA. The various similarities and differences in the two will also be examined and thereby come out clearly as we read on.
NAFTA has been able to broaden trade relations with the United States manufacturers creating supply chains across North America thereby making companies more globally competitive. Experts however disagree with the idea that the economic growth experienced in the United States, Mexico and Canada, the higher wages and increased trade with each other is entirely attributed to NAFTA, given the economic forces present. They believe that liberalization of trade would still have been made possible without NAFIA in the picture. It was supplemented by the North American Agreement on environmental co-operation and the North American agreement on labor co operation in order to prevent businesses from relocating to take advantage of lower wages, more lenient laws about the health and safety of workers, together with the less strict laws on the environment. The NAFTA agreement contained ...Download file to see next pagesRead More
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