Is NAFTA really promoting Better Trade practices?
The North America Free Trade Agreement (NAFTA) promised that it would create countless numbers of jobs, raise the standard of living for Americans, Mexicans, and Canadians, and transform Mexico from a poor developing country into a more developed market available to buy exports from American and Canadian manufacturers. More stringent environmental standards across member countries would also improve environmental condition across North America. Opponents of the trade agreement argue that instead NAFTA motivates wage destruction as manufacturers race to reduce prices, thus decreasing the number of good U.S. Jobs and undermining America’s control over domestic policy and health and safety standards. One of the reasons there has been such conflicting views over the agreement is that never before have three nations in different stages of development ever tried to put in place such sweeping policy around creating better trade practices over such a large area. Now almost a decade after its i