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Essay / Research Paper Abstract
This 4 page paper discusses the impact NAFTA has had on the United States, both positive and negative. The second part of the paper discusses three modes of entry into foreign markets: exporting, licensing, and direct investment. Bibliography lists 4 sources.
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4 pages (~225 words per page)
File: ME12_PGnft11.rtf
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Unformatted sample text from the term paper:
economically (Teslik, 2009). However, there is no way to know if trade would have increased anyway and there is no way to know what the status of the American economy
would have been without it (Teslik, 2009). There are too many variables. Data suggest a 24 percent increase in U.S. employment since NAFTA was enacted. Concurrently, unemployment decreased and wages
rose an average of 19.3 percent between 1993 and 2007 (Teslik, 2009). Wages increased by 11 percent over the fourteen years prior to NAFTA. However, a representative from the Council
on Foreign Relations reported that "wages have not kept pace with labor productivity" (Teslik, 2009). Opponents refute these reports. They argue that trade deficits have increased. They also argue that
NAFTA is unfair to American workers (Teslik, 2009). They point to the many manufacturing plants closing leaving workers out of work. Most economists suggest that all the changes can not
be blamed on NAFTA. Some of the plants and mills that closed or moved operations were already in trouble. Further, there was a structural shift in terms of the American
economy. It was moving away from heavy manufacturing to light manufacturing and high-level services (Teslik, 2009). Another event that had an impact on the American economy, including jobs, was
the entrance of China into the World Trade Organization. Different kinds of work began going to China because of their low wages. In fact, Alliance for American Manufacturing said the
problem regarding labor was China, not Mexico. American has a huge trade deficit with China, more than $167 billion (Judis, 2008). It is fair to say that NAFTA has not
lived up to its hype. Regardless of any statistical reports, we all know that thousands of people lost their jobs following NAFTA. One analyst reported that job losses had been
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