The North American Free Trade Agreement (NAFTA) has a major impact on the United States in many ways, both positive and negative. Creative destruction helps our country grow and become a more developed country. It helps us to find new ways and products to financially and economically help our nation grow. Globalization helps our country develop economically, and integrate with other countries and their ideas. Globalization and NAFTA together impact the U.S., Canada, and Mexico in many ways. NAFTA also impacts job restructuring. Since NAFTA created a loss of jobs in America, it made American workers bring their work level to more of an intellectual level. Becoming an isolationist affects our country in many ways. It makes our country remain
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trade with its neighboring countries have more than tripled having a huge effect on the U.S. economy. Today Canada and Mexico are responsible for more than one-third of all U.S. exports. The deal has accounted for several billion dollars of added growth each year for the U.S. economy. Some studies have shown that an estimated fourteen million jobs rely on the trades with Mexico and Canada. Jobs are mostly coming from specific industries such as manufacturing (Sergie, 2016). NAFTA has done several positive things for the U.S. economy, but also several negative things. All 50 states in the U.S. have had a loss of jobs. Several jobs were gained, but each state still has a negative job loss. California even experienced a net loss of jobs of 115,000. NAFTA was founded on the promise to provide more jobs to help the U.S. economy (Scott, 2003). Critics often blame it for all the job losses and the stand-still wages have faced. Companies are moving production to Mexico, along with other countries to lower costs of production. In result, U.S. manufacturing jobs are declining and have been since 1994. Jobs are sometimes lost due to imports, but new jobs are created (Sergie, 2016). NAFTA has Increased trade between Mexico, the U.S., and Canada drastically. The overall value of North American trade has more than tripled. Trade with NAFTA partners is responsible for more than eighty percent of Canadian and Mexican trade. Overall, NAFTA has set off several chain effects, like a loss of jobs, but that led to improved wages in certain fields of
trade with its neighboring countries have more than tripled having a huge effect on the U.S. economy. Today Canada and Mexico are responsible for more than one-third of all U.S. exports. The deal has accounted for several billion dollars of added growth each year for the U.S. economy. Some studies have shown that an estimated fourteen million jobs rely on the trades with Mexico and Canada. Jobs are mostly coming from specific industries such as manufacturing (Sergie, 2016). NAFTA has done several positive things for the U.S. economy, but also several negative things. All 50 states in the U.S. have had a loss of jobs. Several jobs were gained, but each state still has a negative job loss. California even experienced a net loss of jobs of 115,000. NAFTA was founded on the promise to provide more jobs to help the U.S. economy (Scott, 2003). Critics often blame it for all the job losses and the stand-still wages have faced. Companies are moving production to Mexico, along with other countries to lower costs of production. In result, U.S. manufacturing jobs are declining and have been since 1994. Jobs are sometimes lost due to imports, but new jobs are created (Sergie, 2016). NAFTA has Increased trade between Mexico, the U.S., and Canada drastically. The overall value of North American trade has more than tripled. Trade with NAFTA partners is responsible for more than eighty percent of Canadian and Mexican trade. Overall, NAFTA has set off several chain effects, like a loss of jobs, but that led to improved wages in certain fields of