Karteikarten
NAFTA
Karten in diesem Stapel (11)
- 1what is NAFTA and when was it set up1) Tritarial trade bloc in North America including Canada, Mexico and the USA
2) Set up on Jan 1 1994
made up of two agreements:
- North American agreement on Environmental Cooperation
- North American agreement on Labour Cooperation
3) Second largest trade bloc by nominal GDP comparison - 2what did NAFTA agree onAgreement led to an ending of tariffs on various goods and services - allowing cooperations to trade freely, and imports and export goods on a North American scale
- 3economic pros1) Decreased tariffs = wage increase in all 3 countries
2) Increased wages by:
- US 0.17%
- Canada 0.96%
- Mexico 1.3%
3) Combined GDP surpassed $17trillion,2008 up from $7.6 trillion in 1993
4) Trade of good and services between all 3 countries increased from $337 billion 1993 -> $1.18 trillion in 2011
5) According to the US Chamber of Commerce, increased trade from NAFTA supports about 5 million US jobs - 4social pros1) More jobs available = better quality of life especially Mexican citizens
2) Mix of cultures - 5political pros1) Political voices louder for Canada and Mexico for to being part of the trade bloc
- 6environmental pros1) A $9million annual budget was introduced, for improvement schemes and protection towards the environment
- 7economic cons1) Net loss of employment under NAFTA in Mexico. 600,000 gained in manufacturing but at least 2 million lost in agriculture
2) Mexicos wage gap with US got 6x bigger
3) Manufacturing companies leave USA for Mexico due to cheaper land and workforce
4) Economic leakage, most of profits go back to US owned companies. Maquiladoras are US owned assembly plants set up in Mexico which employ Mexicans but export products mostly back to US
5) 50% of pop can't find formal employment in Mexico - 8social cons1) migration rate from Mexico -> US doubled since NAFTA
2) Much of the investment has been in the form of factories near the border that are called maquiladoras. The goal of increasing the size of Mexico's middle class has failed because Asian labour has proven to be cheaper, and maquiladora towns have a poor quality of life for workers. - 9political cons1) USA has the most political control in NAFTA
2) Unworthy policies in Mexico due to US dominance in Mexican markets. - 10environmental cons1) Industrial processes = pollution
2) Mexico has a poor record of enforcing environmental laws - fears that Mexico may become a dumping ground for hazardous material - 11What has trump saidTrump wants to implement a 35% tariff on vehicles being imported into the US
• a 35 percent tariff on vehicles imported from Mexico would result in the loss of at least 6,700 North American assembly jobs and 450,000 units of U.S. auto sales, according to CAR
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- Beschreibung
- A-Level Geography (Global and Social Groupings ) Karteikarten am NAFTA, erstellt von Hina Nagano am 05/12/2016.
- Erstellt von
- Hina Nagano
- Aufrufe
- 3
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