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What is NAFTA? and what are its effects?

What is NAFTA? and what are its effects? Topic: Homeworks trading
June 17, 2019 / By Cherish
Question: What is NAFTA? i know it stands for North American Free Trade Agreement, but don't know what it means. What are the effects? Was NAFTA good or bad? help! i need it for homework. thanks. x
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Best Answers: What is NAFTA? and what are its effects?

Ashling Ashling | 3 days ago
NAFTA is a trade agreement between the USA, Mexico and Canada. It served to make it easier for the three countries to trade goods with each other. It lowered tariffs (taxes) that the three countries charged each other when they traded goods with each other. The NAFTA countries all agreeing to lower their tariffs at the same time was good for the economies of all three countries. If lowered the costs of the goods that consumers had to pay in all three countries, raising the amounts that people would buy. Because of NAFTA, consumers in Mexico, the US and Canada all had access to lower-priced goods. Because they consumed more of the lower-priced goods, producers (like farmers) grew more and sold more). So, the GDP of each of the countries rose. It was a win-win-win. NAFTA showed that when several countries get together and lower their tariffs with each other, it can be good for all of the countries.
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Ashling Originally Answered: Why do you say Mccain can't influence the economy? COST of WAR? Signing treaties such as NAFTA?
No one can say Nafta had no effect on the economy especially since the nonpartisan Congressional Budget Office says that the net effect ofNafta (jobs lost as opposed to jobs gained) left the US with a net gain of somewhere between 3.25 and 3.75 million jobs and sparked economic growth amounting to (2006 figures) 46.3 billion dollars. In fact as ironic as it may seem the state that has gained the most by Nafta is Ohio where Obama campaigned against it. Ohio is the leading landlocked state in exports. Maybe you should do just a little homework before you speak.
Ashling Originally Answered: Why do you say Mccain can't influence the economy? COST of WAR? Signing treaties such as NAFTA?
every president influences the economy just by speaking look at how every time bush starts talking about war with Iran the speculators drive up the cost of a barrel of oil same as when bush announced the approval of Nancy Pelosi's tax rebates it drove the stock exchanges up even though 2 months later we still havent seen a dime words do have meaning even from a chimp
Ashling Originally Answered: Why do you say Mccain can't influence the economy? COST of WAR? Signing treaties such as NAFTA?
I notice that they can't answer your question or respond to my comments, humm I wonder why? Oh I know they are using all of there time insulting Barack instead of checking out the facts on McCain/McSame = McCan't They say he needs to educated on economics, now a logical person would think that he needs to have that education prior to going in the white house right? Oh ok I get it, he just qualified bc of his age not bc of his knowledge! Ok now I understand.

Zibeon Zibeon
NAFTA is a trading block which three members, US,Canada and Mexico. They have reduced trade barriers,tariffs and non-tariffs among members to stimulate free trade and investment. Usually, the trade block will have two effects, trade creation and trade diversion. Trade creation is the effects of relocation to the lowest cost country. Trade diversion is the effects of tariffs against the third countries. NAFTA has no trade diversion. Every member country can still do the bilateral trade agreement with any country in the world.The effects of NAFTA are so far so good. But it has less effects than the EU.And there is no move and plan to be the monetary union,or common currency like the Euro.
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Zibeon Originally Answered: What are the effects of refugees on the host country? and what are the effects of where they're leaving?
First of the effect can have positive and negative effect. refugees alter the ethnic composition of the state,they can exacerbate economic competition, talking about changing cultural identity , just look at the Europe now, France and England. Also do not forget to mention LA city. it is such a multicultural city. It is so fulfilled with refuges that came from all over the world. For example compare LA to Texas, and you will start feeling the effect . if you are writing an essay be specific on your examples, you can add name of the countries or historical events such as civil war and etc.
Zibeon Originally Answered: What are the effects of refugees on the host country? and what are the effects of where they're leaving?
Well, the first aspect you can look at is economy. Take the huge Mexican population in the United States...would our blue-collar work force be half as good without them? Take Mexico now...how is their economy and governmental system faring? A second aspect you can look at is cultural impact (food, clothing etc...) Take the Asian population in America. They've set up fast-food chains (Panda Express) etc.. Now, Asia is left with a dependant economy to the United States...making cars (Toyota etc) and dollar-store items.

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