Trade Bloc- Nafta Flashcards
1
Q
List three positives of NAFTA.
A
- implemented equality amongst Canada, USA and Mexico
- created a wage and trade increase
- created jobs for the US
2
Q
How many jobs did Nafta create for the US?
A
- 5 million
3
Q
List two negatives of NAFTA.
A
- mexican workers are exploited
- tariffs were lifted but regulations (such as customs regulations) that stifle trade weren’t
4
Q
Explain how Mexico are negatively impacted by NAFTA.
A
- Much of US investment into Mexico is to factories where workers have poor working conditions and low wages
5
Q
From 1993 to 2011, how much has trade increased as a result of NAFTA?
A
- over $850 Billion
6
Q
How have wages increased?
A
- US ^0.2%
- Mexico ^1.5%
- Canada ^1.0%
