Lhs nafta and dr cafta quiz

Nafta and dr cafta

2 international trade agreements implemented during the past 11 years. Involves us and other countries in the Western Hemisphere. Major implications for western markets Initiated during Clinton administration on jan 1, 1994 took 7 years to complete

Both

Are stepping stones toward a larger free trade zone of the Americas that might eventually include 34 countries Both have their critics Both were hold as experiments negotiated without full knowledge about their impacts and advertised as panaceas.

Dr cafta

Coming under increased criticism For pushing ahead the corporate globalization model. This model tends to benefit transnational corporations and large agribusiness companies while disrupting local farm economies .

Dr cafta

Dominican Republic Central America free trade - original cafta- us 5 Central American countries, Costa Rica El Salvador Guatemala Honduras and Nicaragua 2004- Dominican Republic joined and changes name to dr cafta Modeled after nafta and negotiated by bush administration in 1 year approved by us senate and House of Representatives. Bush signed it into law August 2, 2005. All participating countries ratified it except for Costa Rica and Dominican Republic has not yet implemented it. Other Central American and Caribbean countries can join it over time

Disruption

Dr cafta disruption increases dependency on goods from large companies by successfully competing against local farmers and tradesmen

Intent

For all international free trade agreements - provide some equality in the benefits of the exchange of goods and services between participating countries. Generally such agreements strengthen the many rules and regulations governing trade including eliminating tariffs and subsidies, increasing market access increasing environment oversight and enhancing international investment

Increased

Illegal immigration from Mexico to the us has _____ exponentially many of the migrants are displaced Mexican farmers.

Efforts

Nafta and dr cafta are honorable ____ to gain more equality in trade but some people benefit and some do not.

Nafta

Large transnational corporations supported it believing that lower tariffs would increase profits.

Promise

Nafta- to bring economic growth to all 3 countries. Public and private promoted heralded the agreement as potentially creating new high paying us jobs raising the standards of living in Canada and Mexico transforming Mexico into a major market for us and Canada goods and reducing the cross border migration of Mexicans in search of higher paying us jobs

Nafta

North American free trade association- includes us Mexico and Canada

Us

Not clear that they can benefit from nafta And dr cafta but many benefits have come as a result of economic adjustments rather than added on benefits . Other words, some us jobs have been lost while more open markets in Mexico and Central America have been created from some us jobs . None of this is any consolation to an unemployed North Carolina furniture or textile worker or a Mexican farmer who lost his her farm bc of imported cheap American corn

Process

Of globalization is certainly not without its critics and he vote is still out on the total impacts of nafta and dr cafta

Out come

Of nafta Mixed with some winners and some losers Three winners have been the large corporations and the wealthy. The losers have been small businesses and individuals particularly small Mexican farmers

2001

Since____ - 2.7 million us manufacturing jobs have been lost. Some moved to Mexico and others to offshore locations

Mexico

Two years ago, Mexican Pres. Vicente fox called for free flow of people across he us Mexican border in the second phase of nafta.

Opposition

Us and Canadian labor unions opposed nafta believing that jobs would be lost to Mexico bc wages were so much lower there. Mexican farmers opposed nafta bc higher subsidies provided to U.S. farmers make Americans farm goods less expensive in Mexico than local goods.

Negative

____ Outcomes Blamed on nafta and dr cafta may have been in the works anyway. Exs- Including the movement of telephone banking and Internet customer service jobs to offshore locations

Economist

most _____ consider it beneficial overall to all participating parties