NAFTA and Globalization

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Essay #: 058958
Total text length is 7,336 characters (approximately 5.1 pages).

Excerpts from the Paper

The beginning:
NAFTA and Globalization
NAFTA
The North American Free Trade Agreement or “NAFTA” was implemented in 1994. Its goal was to remove tariff barriers and increase trade between the United States, Canada and Mexico (Topulos, 200).
NAFTA has succeeded in raising trade despite several difficulties. Over the first 6 years of the treaty the value of U.S. merchandise traded with Canada and Mexico grew by an annual rate of 11%, a much higher rate than U.S. trade with the rest of the world, which was 6%. Trade with Canada, which remained the U.S. top trading partner rose to over $406 billion (RITA, 2010).
During the first six years of the treaty imports from NAFTA partners to the U.S. rose an average of 12.7% while exports rose at an average rate of...
The end:
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Topulos, Katherine. “NAFTA Duke Law Library.” J. Michael Goodson Law Library. November 2009. Duke University School of Law. 30 March 2010. <http://www.law.duke. edu/lib/researchguides/nafta.html>