NAFTA, the North American Free Trade Agreement

Introduction         I believe that the North American Free Trade Agreement was an inevitable step in the evolution of the United States economic policy. The globilization of the world economy due to technological advances in computers and communications have shrunk the world to the point where no single country acting alone can effectively compete on the foreign market. Even the United States, with its vast resources, can not have an absolute advantage in all thing that …

…a boon for machinery and equipment manufacturers in the United States. Exports to Canada for this type of equipment has risen 500% in the last decade. Canadian exports to the U.S. grew by 21% in 1994 and are expected to have another double digit increase this year. Ontario alone imported more U.S. goods than our second largest trading partner (Symonds AOL).         More jobs have been created than lost as a result of NAFTA. According to the