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In the 1990’s, NAFTA was one of the most controversial topics in the news. ...
On the pro side of the house, the strongest argument was that NAFTA would allow US firms to produce at a lower cost, thereby lowering prices and increasing quantity demanded. ... Both of these points lead into the basic economic argument in favor of NAFTA. ... While the productivity of Mexico has certainly increased since the ratification of NAFTA, any positive effects it may have had on the US economy have largely been overshadowed by the technology stock market roller coaster ride of the late nineties and the subsequent recession.
Those who argue against NAFTA center their objection on the idea that if trade barriers with Mexico were eliminated, US jobs will be lost to cheaper Mexican labor, which would be bad for the US economy. ... The difference here is that the anti-NAFTA faction does not agree that the cheaper manufacturing will necessarily lead to more jobs.
Approximate Word count = 765
Approximate Pages = 3.1
(250 words per page double spaced)
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