Essays on Nafta

The world has changed significantly since the 1990s. While changes in technology may be the most obvious, America’s place in the world has shifted several times from the 1990s to today. From the nearly fifty years between the immediate post World War II years to the fall of the Soviet Union 1991, the political world could put into three categories, the first world, second world, and third world. The category reflected a nation’s alignment in the Cold War between the United States and the Soviet Union. The Cold War was the single most important political situation of its ...

Question #1

The NAFTA was created in 1994 in order to improve the condition and process of business trade in North America. Specifically, it does this by getting rid of the tariff barriers and improving the trade infrastructures (“Chapter 8”). One particular business that benefited from the emergence of NAFTA was Walmart in Mexico. The combination of Mexico’s low-costs labor and NAFTA’S improved infrastructure and lower tariffs gave Walmart an extremely high competitive advantage. This is because while businesses like Comerci, Walmart’s main competitor, chose to make a profit out of the differences the lower tariffs made, Walmart ...

The United Nations (UN) was founded immediately after the Second World War in 1945. The international organization was initially established by 51 country committed to developing friendly relations among member states upholding international peace and security, promoting social progress, promoting human rights, and improving living standards. Due to UN’s unique international character and the power within its founding charter, this organization can take action on a variety of issues. The organization can also provide a forum for its expansive member states so that they can express their views, through the Security Council, the economic and social council, the UN’s ...

Nafta crown Mexico a super power in production. However, some of the developing economies should not follow suit because some of the policies did not work. For instance the application of free trade, which is referred to as neoliberalism in Mexico needs to be scraped out due to the few tariffs. This will give way to better growth and development strategies for the economy. Compared to the nations that did not follow the same economic directions, Nafta was declared a total economic failure. Jobs in the production sector in Mexico increased in number. The only problem was that the jobs could ...

Business

Global Protection Practices Global protection practices vary from each country. Every country has its own reason why it has to implement practices that will protect their local traders, goods, or even jobs. Policies and practices, which governments implement, will also ensure their control over local and international trades, which are being imported and exported by their country.

EU (European Union)

European Union is using one of the common tools in protecting and controlling their trades. EU uses the Tariff on their imported goods. As an advantage, tariff will raise the imported price giving more opportunities for domestic producers to sell goods ...

What is TPA?

Trade Promotion Authority (TPA) refers to the process which has been made available by the Congress to the President of United States in order to enable legislation for the purpose of approving and implementing specific trade agreements on an international level under the legislative procedures for a limited time. This authority has been granted to the President for more than three decades which states that he has the authority to vote on the trade agreements without making any amendments. In other words, TPA plays a role in providing a balance by clearly identifying how constitutional authority is exercised by the Congress while ...

Currently, the business is pursuing the unrelated diversification strategy, the products All-terrain recreational vehicles, color televisions, Luggage, and Writing instruments have no direct connections with each other. The company is operating within the US, and the CEO has decided to expand the current business to international market. The CEO also wants to change the corporate strategy; related diversification is the new expected strategy. The decision is satisfactory, but the implementation requires some analysis. As the company produces four unrelated diversified product and it will be difficult for the company to carry on with all of them in the ...

Introduction

The immigration legislation in the U.S. today is the product of decades worth of political wrangling and public anger on both sides of the debate. The immigration debate has gone back and forth between the two political parties in this country to such a degree that there is de facto compromise on the elements of reform, and now all we have to do is implement the reforms that are already in place. The argument has gone back and forth for decades with both Democratic and Republican regimes signing legislation that encourages immigration then opposes immigration. The full circle is here ...

Introduction

Canada is a developed country whose economy resembles that of the United States of America. Canada is a high-technology industrial economy, generating trillions of dollars in annual revenues. The country’s living standards and economic systems are very similar to the US, having economic sectors that complement its manufacturing, mining and service industries . Canada, along with the United States and Mexico, signed the North American Free Trade Agreement (NAFTA) in 1994 which opened trade and economic integration among the three participating countries . Ever since the NAFTA happened, Canada experienced a very dramatic increase in trade with the United States. This increased ...

Detroit was once the richest city in the entire United States. With an already established automobile manufacturing industry, Detroit after the Second World War experienced its highest levels of prosperity. However, Detroit today is a mere shadow of this prosperous and progressive city. Detroit’s vast rows of empty houses, dilapidated structures, abandoned factories, and decaying warehouses show how much of Detroit is left. Moreland (2013) claims that the continuing decline of Detroit’s local economy is due largely to the effect of the US joining the North American Free Trade Agreement or NAFTA . He states that the continuous ...

The Evolution of New Global Economy: Who won and Who lost?

The video discusses about how globalization gave birth to new global economy where every day a lot of people gets better off. However, globalization does not offer only benefits, but also some painful truth associated with it i.e, Economic Crisis. It all started during 1980’s when such a market was established where everyone had its stake but no one had its control. The global economy saw huge capital flows, intense competition, etc. However, by the beginning of 1990’s US Economy started experiencing the ill effects of Globalization. By the end of 1992, courtesy global competition, US Government was under $ ...

Management Discussion

There are various method of improving efficiency and effectiveness in an organization. One, an organization must learn how to reduce its costs and increase productivity. Two, an organization must have employees that are forecast. For the manufacturing company to move from Canada, it may improve its productivity but risk destroying its image in return. Transportation costs from Colorado to Toronto must be analyzed. The costs of relocation will be very high. Considering the fact that land itself will cost seven million dollars, the costs of relocation are bound to be very high. The management of the company must ...

- The language of the owner’s manual should be English. The reason behind using English is the fact that Canada is a multilingual country. It is home to people from different regions around the world. Although French is also common in Canada, but the best language to publish the owner’s manual will be English. It would make sure that every market is targeted within Canada and not only one segment of the market is targeted. This will ensure that the company remains competitive in its marketing and sales efforts, and at the same time targets the mass market. ...

Introduction

The North American Free Trade Act was signed into law by President Bill Clinton on December 8. 1993. After the signing of the Act, America joined Mexico and Canada into signing the Northern American Free Trade Agreement on January 1, 1994. The basic purpose of this agreement was to reduce trade barriers between the involved nations, therefore, making it easier for the nations to export and import each other’s products. The agreement proposed to reduce tariffs and other barriers that hindered free flowing trade between the United States of America and her neighbors. Some of the fields covered ...

Water: Threats and actions in Texas

Water is one of the world’s most wondrous and versatile resources. Water serves the needs of a diverse set of industries, from agriculture, sanitation, and household uses. It is also used to power electric power plants, crop irrigation needs, creates habitats, and satisfies the thirst of all living things on the planet. Though water such as sea water comes in abundance, it is a different story for freshwater. Freshwater, compared to seawater or other sources of water, is extremely limited and scarce. In fact, it is one of the major challenges facing the international community. The planet is estimated ...

NAFTA is an acronym for the American Free Trade Agreement, which came into being on January 1, 1994 United States; Canada and Mexico entered into an agreement. The coming up of these three counties created the world's largest free trade area. This group at present links 450 million people and producing $17 trillion goods and services. Since its inception, NAFTA has led to improved free trade which has resulted in an increase in wealth and competitiveness and thus delivering real benefits to the families, workers, farmers and many more categories of individuals within the society. The creation of ...

Essay Questions

- NAFTA and the EU NAFTA (North America Free Trade Agreement) was established on January 1st, 1994 between the United States, Mexico and Canada. All quantitative restrictions and duties were eradicated as planned on January 1, 2008. NAFTA established the largest free trade area of the World that currently links 450 million people producing $ 17 trillion worth of products. On the other hand, EU (European Union) was established in the late 1940s after World War II in an attempt to consolidate the countries of Europe. It is an economic and political union between countries which make its own ...

Aside from political reform and development, the international community has also been busy in creating new means to stimulate growth and economic sustainability. Proposals such as reduced tariff, removal of trade barriers, and the introduction of free trade were pronounced by either developed or developing countries. In Latin America, free trade has been a fundamental aspect of the market reforms carried out in the region; however, the results have varied especially with the onset of globalization and the lingering effects of tariff reduction. Some believe that having trade reform to a growing and a potential economy such as Latin America can sustain ...

The United States and Mexico have long been partners in both political and economic fronts since the early times due to its geographical closeness and shared conflicts. As the years progressed, both nations have agreed in mutual agreement to cement their partnership that would boost their political, economic and social ties. Recently, President Obama visited and met with President Enrique Pena of Mexico to discuss economic and security issues such as the improvement of trade policies, immigration agreements and strategies to aid in the war on drugs. However, the war on drugs had been the focal point of the ...

- Characteristics of the nation-state and transnational entities A nation-state refers to an organized community living under one government that derives administrative legitimacy from serving an independent unit for a realm as an independent territorial entity. The term nation-state is derived from nation and state. Nation refers to a coming together of people sharing a culture and language. A nation does not necessarily assume a formal political entity. On the other hand, a state is a political legally formed entity that comprises of a defined territory, a government, a permanent population, and the ability to enter into legal relations with other states. Of note is that a government ...

The North American Free Trade Agreement (NAFTA) refers to an agreement that was made in the year 1994 between the United States, Canada, and Mexico. It helped in lifting various restrictions that had been imposed on importation and exportation of agricultural products between these three states. The agreement brought about policies that were impacted immediately in accordance to the agreement. However, there were others that took over 15 years to be implemented (Hymson et, al. 226). The provisions provided by the North American Free Trade Agreement (NAFTA) were set in place by 2008 between the North American countries. This ...

In the past two decades, the number of regional trade agreements has been on a sharp rise. Generally, a trade agreement refers to free trade among specified nations in a particular region (Hussain 14). One of the biggest regional free trade agreement is the North American Free Trade Agreement (NAFTA). This trade agreement was started on 1st January 1994 with the aim of linking Canada, the United States and Mexico in an accord that would see trade barriers in this region lifted. The regional agreement that was made between these three member nations has led to an enviable improvement in regard to ...

[Professor’s name appears here] [Date appears here]

Canada/U.S Cross-Border Water Issues: An Introduction The cordial relationship between Canada and the USA has long been considered as a source of pleasure and satisfaction for both these countries. The USA is Canada’s leading business partner, comprising about 90% of two-way trade. Over US $400 billion in goods now move across the border per annum. In the last couple of decades, Canada has become the top supplier of energy requirements of the USA, and thus has surpassed the Middle Eastern countries. The exports from Canada consist of uranium ...

United States of America and the Republic of Korea

Free Trade Agreement between the United States of America and the Republic of Korea Executive Summary Last March 15, 2013, the United States–Korea Free Trade Agreement (KORUS FTA) celebrated its first year anniversary. As it is with major trade agreements in the world, the anniversary of the KORUS FTA was eclipsed by the many debates on the agreements impacts, benefits, costs, ramifications and potential and protracted negotiations and renegotiations potential. Both the United States and South Korea state that the KORUS FTA is in fact delivering on the projected economic promises, citing the increase in the ...

Economics

<Student’s name> <Name of the Academic Institution> 4. Why is there a need for multilateral international trade agreements such as those negotiated through the WTO, relative to simply allowing each country in the world make its own decisions regarding international trade? How do the economic effects of multilateral trade agreements differ from those of regional trade agreements such as NAFTA and the European Union (EU)? Explain.

The existence of international trade organizations and respective global or regional trade agreements serves various important purposes.

The first function of such afreements is unification, standartization and clarification of trading practices, transfers of goods and services as well as respective funds. Current trends towards globalization ...

Introduction

Question one The Jen-O-Mex is a JeJecraft management firm that was found in 1930 by two brothers namely Dan and Ralph to construct Venetian blinds. They encounter different problems in their daily operations as they try to satisfy their customers’ needs globally. Multinational companies find it quit challenging to make the available, willing and potential customers aware of their products and services that are providing. Customers are mostly readily prepared to purchase goods but the producers fail to inform them on where, how or at what cost they can get the goods (Eden, 23). Factors that have facilitated ...

- What was the Hydro-Electric Power Commission of Ontario and when was it established? Having felt the need of company that could build transmission line to conduct electricity to the province of Ontario, Hydro-Electric Power Commission of Ontario was established. Its main purpose was to build transmission lines to transmit electricity to province that was generated by private companies. It was established on 1906. 2. What was CNR and during which years was it created? CNR stands for Canadian National Railway. CNR is one of the largest first class railway extended over 12,900 miles route ...

North American Free Trade Agreement is a regional trade agreement that was entered by the United States, Canada and Mexico on January 1, 1994, with the aim of bolstering trade relations and volumes in the region. Just like any other free trade area agreement, NAFTA was intended to reduce the business trading costs amongst the three countries for the benefit of the member states. This paper discusses the many advantages and positive aspects that have been brought about by this trading block, and the impact that this free trade agreement has had on the economies and citizenry of the ...

Introduction

The Buy American act was passed in the year 1933 and applies to all United States government purchase of goods that are valued above the micro-purchase threshold. It, however, does not apply to the services. The act states that all goods meant for public use and either fully or partially funded by the American Recovery and Reinvestment Act (ARRA) must be produced in the United States and all the manufactured goods must be manufactured in the United States. Section 1605 of the ARRA clearly states that not a bit of the funds provided by the act may be used to ...

The adoption of NAFTA created the largest free-trade market in the world. The agreement is between three countries namely; the United States, Mexico and Canada. These countries have a population of about 450 million people. NAFTA has a number of benefits to the American economy. To begin with, it eliminates most of the trade tariffs for exporting goods to Canada and Mexico. More fundamentally, it reduces inflation by significantly reducing the cost of imported goods from these two countries. The American economy relies to a great extent on the success of SMEs. NAFTA has created a set of international agreements which provide incentives ...

Introduction

When one looks at the North America and Southeast Asia, there are various unique things that these two continents display that create incessant curiosity. An ambitious person will therefore start to explore these two regions and try to come up with something that will quench their inquisitiveness. In this paper, this study will compare and contrast North America and Southeast Asia and particularly look at the cultural differences and similarities of their populations. As the paper will demonstrate, people of these regions exhibit cultures that in some cases are similar and in others different. In both cultures it can ...

Political Science: Globalization and Trade

Impacts of NAFTA on the Member States NAFTA is a free trade agreement that was enacted in the year 1994 and signed by President Bill Clinton. The focus of this agreement is to abolish numerous tariffs that are imposed on products traded among three countries United States, Canada and Mexico (Mary E. Burfisher, Sherman Robinson, and Karen Thierfelder. 2001). In this paper the impact of NAFTA on the member states have been discussed in detail. Some groups advocates that NAFTA is exerting positing influence on its members while the others advocates that it is exerting negative influence on the ...

Introduction

In the instant aftermath of September 11 terrorist attacks, boarder security concept took on an unfamiliar and new meaning for Canada. The Canadians were for a long time used to the notion of a demilitarized and undefended boarder. Simultaneously, the need for a monitored and protected boarder has for a long time been obvious when it comes to issues like illegal immigration, gun trafficking, transnational crime and even mundanities of generation of revenue through Canada Customs. For that reason, this paper centers on Canadian Border Policy and more particularly on the concept of Fortress North America, or the Perimeter Security where it attempts ...

Abstract

Mexico is the world’s 12th largest economy in terms of Gross Domestic Product ($1.657 trillion), growing at an average rate of 3.8% annually. With a 47.7 million labor force, Mexico has GDP per capita of $15, 100 which is the 81st highest in the world. Mexico’s leading industry include food and beverages, tobacco and cigarette production, chemicals, iron and steel manufacturing, petroleum, mining, textiles, clothing, manufacture of motor vehicles, consumer durables, and an active tourism sector. Ninety percent of Mexico’s trade is under free trade agreements with countries from the whole North America, most of Central America, ...

- Introduction The proposed study shall examine the effects of Foreign Direct Investment (FDI) after implementation of the North American Free Trade Agreement in Mexico. The purpose of this paper is to establish the effect of the North American Free Trade Agreement, otherwise known as NAFTA on the foreign direct investments that Mexico has received as an effect of the implementation of the NAFTA. Mexico, along with the United States and Canada, has created a trilateral trade block that came into force on January 1, 1994. The goal of the NAFTA is to promote trade and investments between the ...

Over the years, neighboring countries have tried to form trading alliances with the aim of consolidating their ties and assist in exploitation of their potentials before they expand their operations to the rest of the world. As a result of the attempt, two or three countries come together to form a trading block. Trading blocks are highly influential as far as political and economic relations of member states are concerned. Some trading blocks are strongly influential within their regions of operations and beyond, in both political and economic aspects. For example, European Union which forms the largest trading block across the ...

Last Name, First Name of Student

Research Question The purpose of this paper is to establish the effect of the North American Free Trade Agreement, otherwise known as NAFTA on the foreign direct investments that Mexico has received as an effect of the implementation of the NAFTA. Mexico, along with the United States and Canada, has created a trilateral trade block that came into force on January 1, 1994. The goal of the NAFTA is to promote trade and investments between the three member countries through several mechanisms that include removal of tariffs for export and import of goods, elimination of non-tariff trade barriers, improved ...

Last Name, First Name of Student

Research Question The purpose of this paper is to establish the effect of the North American Free Trade Agreement, otherwise known as NAFTA on the foreign direct investments that Mexico has received as an effect of the implementation of the NAFTA. Mexico, along with the United States and Canada, has created a trilateral trade block that came into force on January 1, 1994. The goal of the NAFTA is to promote trade and investments between the three member countries through several mechanisms that include removal of tariffs for export and import of goods, elimination of non-tariff trade barriers, improved ...

The Tomato market has been a recent center of focus by the media in the United States. One thing that is worth noting is that the United States is a member of NAFTA and organizations that opens a free market for countries in North America (Chambers and Smith 37). The common market created by NAFTA has created competition between tomato producers in the United States and those in Mexico. Tomato products from both countries compete for the same consumer base. However, Mexico tends to have a comparative advantage in the production of tomatoes compared to the United States (Strom 3). This has created a ...

Abstract

This purpose of this essay is to discuss about the economic impacts of NAFTA on US, Canada and Mexico. Several primary as well as peer reviewed sources were studied to write this paper which are mentioned in the references page. This paper has primary focus on the economic impacts of NAFTA on US, Mexico and Canada as NAFTA is signed among these three nations. Most of the effects of NAFTA are criticised by economists. Various trade relationships among Mexico, Canada, and the United States of America have broadened significantly since NAFTA's implementation, although experts conflict over the extent to ...

The North American Free Trade Agreement (NAFTA) and the European Union (EU)

Trading blocs are imperative for the purpose of opening markets and boosting economic growth. Most of regions in the world have come together for the purpose of addressing issues of increasing trade. The North American Free Trade Agreement (NAFTA) forms quite an Integral part in the history of Mexico, Canada and United States. The government of United States, Canada and Mexico signed the agreement which led to the creation of trilateral trade in the region of North America. The agreement was implemented on January 1st 1994. The agreement was supposed to assist the three countries develop their economic interests ...

Introduction

This paper develops a discussion of how social constructivism, as a theory in international relation, can be applied to the European Union. Since its inception in the 50, the EU has continued to grow and increase in member states. This expansion and unity can be explained using various approaches, however, the primary focus of the paper is application of social constructivism to the European Union.

Theoretical framework of social constructivism

The initial point of social constructivism into the international relations was through a clarification of epistemology and ontology of the earlier schools of thoughts. Through epistemology, social constructivists have managed to gain considerable legitimacy including explanation, causality, ...

After considering a number of options, VW decided to consolidate its production for all North America in Puebla. The decision served in the right direction toward ensuring that the firm maintains its operation in this region. Consolidating production in Puebla is advantageous to VW due to the relative low cost of conducting business in Mexico. In addition to projected increase in cost efficiency and volume growth in the medium term, Mexico offered a more viable option as compared to the United States. VW market in the US is small with dwindling market share while in Mexico, VW is the market leader. ...

Ethical Dilemmas for Multinational Companies

This argumentative essay tries exploring how the seemingly wise, invincible and “tall standing” multinational companies also get entangled in the web of ethical dilemmas, and their immediate response when confronted with such a morally pressing situation, in the context of their international business operations, and the extent to which it is appropriate or inappropriate in the light of relevant academic research studies and the current global legal environment.

An “ethical dilemma” is a morally pressing circumstance where an individual is required to choose between two actions to be performed, neither of which ironically offers a satisfactory resolution to the situation or problem ...

Regional Analysis

According to De Lombaerde and Van Langenhove (2007), regional integration is a scheme that connects states to foster interaction between their local and regional components to form an organization that conforms into a state-led organization. Regional integration also pertains to the joining of various states within the region to create a larger entity. The success of regional integration depends on the state’s willingness and loyalty to the regional group, sharing their sovereignty and openness in accepting policies that would require them to open their sovereignty. Integration deeper than the average connection is noted to be very difficult if it pertains to ...

The expansion of Drotos Electronics, by building a new manufacturing facility in Mexico, has both positive and negative impacts. As an aspect of globalization, various factors influence this plan. They include: the increasing power of drug cartels, the immigration and labor laws, and the North American Free Trade Act (NAFTA), among others, as highlighted herein. Besides, the paper gives an in-depth evaluation of the effects of this expansion plan on the environment and the people of Mexico and Latin America at large.

The immigration and labor laws

Establishing the manufacturing plant in Mexico has greater potentials of reducing the rapid immigrations into United States. The ...

Trade increases the economic growth and GDP of a country and also fosters great relationships between countries. Over the years there has been the formation of regional trading blocs to enhance trade among neighboring countries. They have been successful however there are challenges that have to be continually addressed.

North America Free Trade Area (NAFTA)

NAFTA refers to the North America Free Trade Area that brings together the countries of Canada, Mexico and the United States. The trilateral trade area came into force in 1994 when President Bill Clinton signed on the agreement. The agreement called for the phasing out of the tarriffs that existed among ...

Mexico is the world’s 12th largest economy in terms of Gross Domestic Product ($1.657 trillion), growing at an average rate of 3.8% annually. With a 47.7 million labor force, Mexico has GDP per capita of $15, 100 which is the 81st highest in the world. Mexico’s leading industry include food and beverages, tobacco and cigarette production, chemicals, iron and steel manufacturing, petroleum, mining, textiles, clothing, manufacture of motor vehicles, consumer durables, and an active tourism sector.

Ninety percent of Mexico’s trade is under free trade agreements with countries from the whole North America, most of Central America, ...

The North American Free Trade Agreement or commonly called “NAFTA” is a three party trade agreement between Canada, Mexico and the United States. The general purpose of this trade agreement is to reduce, if not totally remove, trade barriers among the said countries. NAFTA also aims to facilitate the movement of goods and services across these North American borders. It also intends to increase investment prospects, encourage fair competition, and implement intellectual property rights in each of the party's territory (Peach & Adkisson, p. 1).

Article 102 of the NAFTA agreement describes its specific purpose as follows:

Award Mexico, Canada and the United States with the Most Favored Nation status. Reduce ...

Regional Economic Integration

Regional Economic Integration refers to the creation of agreements among the countries within the same geographical areas, which aims to enhance economic and political cooperation. Its initial purpose is to reduce or remove trade barriers in the region, while the scope of the agreement can also include further areas for cooperation. It is possible to identify several kinds of regional economic integration, which depend on the degree to which countries want to sacrifice their sovereignty in favour of collaboration and barrier reduction. The least restrictive form of economic integration is the so called “preferential trade area”. It implies a partial ...

Introduction

Over the past two decades, Mexico has suffered a degenerating political, social and economic situation making it one of the most volatile nations in the globe. Experts point out that began the problem with the stolen election of 1988 by former President Carlos Salinas. Ever since that incident, the country spiraled into low living standards, total judicial breakdown and the complete lack of security. The country is run by drug cartels and illegal gangs and it seems the government cannot do anything about it.

Economic Inequality

Economically, the country seems to be emerging from a ‘rock bottom’ situation. After the signing of the ...

Economy

Economically, Mexico is emerging from a ‘rock bottom’ situation. After the signing of the North American Free-Trade Agreement (NAFTA) 1993, nearly 10 million farmers were left bankrupt (The Economist). This because cheap food stuff was imported into Mexico from other neighboring countries making farmers in northern Mexico unable to continues with farming.

Experts further assert that the economy worsened during the financial crisis suffered the United States, the biggest trading partner of Mexico. Recession in United State’s economy reduced exports from Mexico by about 25%. This decline in exports pushed the economy of the country into deep recession. Mexicans ...

Introduction

Mexico—in full referred to as the United Mexican States—is a federal government found in North America. In the Western Hemisphere, it is the fifth largest covering a total area of approximately 2 million square miles. The country is rich in natural resources such as petroleum and natural gas making it the fifteenth economy in the world in terms of performance. However, efforts to modernise and develop its economy have been hit by the country’s rugged terrain, limited farm land, series of economic crises, and rapid populations. The nation’s capital, Mexico City, is one of the largest cities ...