The Pros And Cons Of NAFTA

After the seven goals that NAFTA planned on striving towards were in affect the next agenda was to cover the benefits that this agreement offered. In the formation of NAFTA what ended up becoming the key resources for America were new jobs, more imports, and exports. The new setup and way NAFTA was to operate planned to allow a new pocket of income and job opportunity for the economy. In relation to the job opportunities that were presented the US themselves were going to boost the workforce 200,000 new jobs in the course of two years (Fontinelle, 2018). Even though that seemed a substantial jump in five years the projected jobs were going to grow towards one million. The stats produced by our government and its economist ended up seducing those who doubted or speculated its chances of being successful and thus the majority joined in on endorsing it. Besides the job explosion which was foreseen this new reduction in tariffs was going to bring an influx of resources to the land of the free. Imports were to stream in in the form of crude oil, machinery, gold and vehicles. As for the
The North American and southern region was able to triple trade amongst each other (NAFTA Economic Impact). Following the increase in trade a vast amount of economic growth surged behind it. Prospering from this joint agreement all three countries had the chance to be able and reap the benefits of their economies new growth. At the time the United States GDP went up 0.5% which equated to 80 billion dollars overall or in laments terms a few billion dollars a year between the years of 1993-2016 (NAFTA Economic Impact). To accent the increased trade and economic growth between each country a new wave of higher wages prevailed. Even though the US loses thousands of jobs annually, 200,000 compensate those lost paying 15-20% more (NAFTA Economic