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NAFTA


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January 1, 2004 marks the tenth anniversary of the North American Free Trade Agreement's implementation. NAFTA promoters - including many of the world's largest corporations - promised it would create hundreds of thousands of new high-wage U.S. jobs, raise living standards in the U.S., Mexico and Canada, improve environmental conditions and transform Mexico from a poor developing country into a booming new market for U.S. exports. NAFTA opponents - including labor, environmental, consumer and religious groups - argued that NAFTA would launch a race-to-the-bottom in wages, destroy hundreds of thousands of good U.S. jobs, undermine democratic control of domestic policy-making and threaten health, environmental and food safety standards.

Why such divergent views? NAFTA was a radical experiment - never before had a merger of three nations with such radically different levels of development been attempted. Plus, until NAFTA "trade" agreements only dealt with cutting tariffs and......

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Approximate Word Count: 486
Approximate Pages: 2 (260 words per double-spaced page)

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