The North American Free Trade Agreement Essay -- essays research paper

The North American Free grapple Agreement     Since the birth of this great nation in 1776, the United States hasremained a dominant world male monarch in many aspects. The American standard of livinghas been the envy of the world, powered by an economy rivaled by nearly no one.Our economy continues to be the careen with which the spherical economy can lean on,as evidenced by nations that rely on huge reserves of the dollar because of itsstability as a means of settling international debts. Unfortuneatly, despite the impregnableity that our economy is so often associated with, we have accumulated a 5trillion dollar (thats 9 zeros) national debt. Something has to be done aboutthis colossal problem to ensure that the United States retains its status as aworld power in the global economy. One vital catalyst to help promote growth andneutralize the massive account deficit and foreign debts is the North AmericanFree Trade Agreement. NAFTA, for short, is one positi ve effort that notsurprisingly, has met with the opposition of many. In light of this opposition,it is evident that NAFTA is accomplishing its primary goals and encouraging thegrowth of the American economy.     NAFTA negotiations began on June 11, 1990 when former hot seat GeorgeBush and Mexican President Carlos Salinas de Gurtari met to discuss thepossibility of revising current trade policies. The thing that set the NAFTAapart from other trade agreements historic every(prenominal)y was that it was to be the firsttrade agreement entered into between two industrial countries and a developingcountry. By much of the world the NAFTA is often viewed upon as North Americas serve up to the European trading bloc. Many provisions of the NAFTA take theirroots in the Canada-U.S. Free Trade Agreement which became operational January 1,1989. A target objective was to lay down free trade between the United States,Mexico, and Canada rather than a comprehensive economic unio n such as that ofthe European Community. Whereas the EC dealt with monetary veer rate issuesby implementing a standard in currency called the "Euro-Currency", the NAFTAwould be off limits to such control. Like many issues today, this topic washotly debated. Many multitude vehemently argued that job loss and low wages wouldplague the United States and Canada inflicting more damage on these two ... ...rs for projects such as nature preserves,solid waste disposal, and the cleaning up of the Mexico-U.S. border. Anothergovernment agency that has been receiving a significant increase in funds is theMexican equivalent of the United States EPA. purvey concerning theenvironment and industry standards may escape NAFTA, but due to mountingpressure, they will not escape serious revamping at the national level.     In conclusion, NAFTA, the brainchild of George Bush and Salinas deGurtari, has many positive aspects that with a little ironing out could prove tobe a dynamic economic catalyst for this country. By employ this export-led growthstrategy centered around a reduction in tariffs over a 15 year period, themember nations can achieve all that they hoped to. After about 2 years of NAFTA,the U.S. has shown formidable gains in its economy. To avoid problems thatcritics argue such as job loss and depletion of the environment, the U.S.,Canada, and Mexico can create policies on the national level to curb such thingsas these from happening. All in all, granted support from the constituencies ofthe member nations, NAFTA should be around for a while.