The history and the prospects of development of NAFTA

Nevertheless, as no steps were made towards solving the existing problems and that resulted in the latest reviewes on the topic.

Conclusion


Numerous economists and business representatives commonly appear to consider NAFTA as a success and credit it for fueling unparalleled North American trade and creating job enlargement in the United States. They seem to construct on NAFTA’s impetus to advance trade relationships and financial incorporation within the region.
Nevertheless, labor group and some consumer-advocacy groups disagree that the harmony has had unconstructive effects. They keep up that the contract led to outsourcing and poorer wages that have had an off-putting result on the U.S. economy and that it has caused job dislocation in Mexico, especially in the sphere of crop growing. Given the rising amount of regional trade agreements throughout the world and the continuing Trans-Pacific Partnership (TPP) free trade negotiations, one general question that policy makers may consider in forming future trade policy is whether or not NAFTA has lost its significance.
The numerous FTAs that the United States, Mexico and Canada have set into effect have given other countries the same predilection to the U.S. marketplace that Canada and Mexico advantage from under NAFTA. Correspondingly, FTAs have narrowed the preferences the United States has in supplementary markets. Both proponents and critics of NAFTA have the same opinion that the three countries should look at what the agreement has failed to do, given that they look to the future of North American trade and economic relations. Policies could include strengthening institutions to protect the environment and employee civil rights; taking into consideration the establishment of a border infrastructure plan; rising authoritarian collaboration; promoting research and development to enhance the global competiveness of North American industries; investing in more border infrastructure to make border crossings more efficient; and/or creating more efforts to lessen income differentials within the region. Sensible measures should be taken in order to prevent NAFTA from disappearing as a phenomenon of existence. It is rather obvious, that cooperation within three counties’ relationships should work in every direction in between them and not be only profitable for the U.S. or any other member. It is also significant to remember that no problems will be solved by themselves and that every step to be made should be thoughtful and well-prepared.
Bibliography


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2 Kose, M. A., Meredith, G.M.,. Towe, Ch.M. (2004) How Has NAFTA Affected the Mexican Economy? Review and Evidence.
3 Salas, C. (2004) The Impact of NAFTA on Wages and Incomes in Mexico.
4 Villarreal, M.V., Fergusson, I.F. (2015) The North American Free Trade Agreement (NAFTA).
5 Viner, J. (1950) The Customs Union Issue. Carnegie Endowment for International Peace.
6 Scott, R.E. (2004) NAFTA’s Hidden Risks.
7 Wall, H.J. (2002) NAFTA and the Geography of North American Trade.
8 NAFTA's Economic Impact: http://www.cfr.org/trade/naftas-economic-impact/p15790

Villarreal, M.V., Fergusson, I.F. (2015) The North American Free Trade Agreement (NAFTA).
Villarreal, Fergusson. P. 1.
Kose, M. A., Meredith, G.M.,. Towe, Ch.M. (2004) How Has NAFTA Affected the Mexican Economy? Review and Evidence. P. 4.
NAFTA's Economic Impact: http://www.cfr.org/trade/naftas-economic-impact/p15790
Viner, J. (1950) The Customs Union Issue. Carnegie Endowment for International Peace.
Wall, H.J. (2002) NAFTA and the Geography of North American Trade. P. 2.
Faux, J. (2002) NAFTA AT SEVEN. Its impact on workers in all three nations. P. 2.
Kose, Meredith, Towe. P. 5.
Scott, R.E. (2004) NAFTA’s Hidden Risks. P. 3.
Salas, C. (2004) The Impact of NAFTA on Wages and Incomes in Mexico. P. 19.












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