NAFTA, globalisation Flashcards
1
Q
Background
A
Formed 1994, with America, Mexico and Canada
Removes trade barriers between them
2
Q
US
A
U.S. firms gain cheap Mexican labour and loose Mexican laws
Profits made in Mexico return to U.S.
American jobs have been lost due to shift in manufacturing location
3
Q
Canada
A
Trade with U.S. increases
Since 1994, over a million jobs have been created
U.S. investment increase in Canada
4
Q
Mexico
A
Political stability improved
Reduced tariffs with 60% of the world
88% of exports to USA
Mexican workers are exploited
