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| Type of paper: | Essay |
| Subject area: | Economics |
| Academic level: | College |
| Style: | APA |
| Size: | 31.5 kB |
| Word count: |
706 words/3 pages
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| Mark awarded: |  |
| Author: | Lindy Kidd |
| Date submitted: | 2008-11-22 00:00:24 |
| Rating/Votes count: |
 
4.00 / 4
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| Tags: | political, trade, culture, management, mexico, mexican, nafta, USA, Europe, GDP, Williams, Mexican, winesburg, Garibaldi, Domestic Product, Wash, National Product, Protectionism, Methoda Assignment Introduction, Canada Post, Canadian Foreign Direct Investment |
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Mexico 's Experience after NAFTA The question whether Mexico has benefited from NAFTA is still under discussion and constant debates . Some claim that since NAFTA there is a significant increase in poverty rates , whereas others provide the opposite information . Apparently , in broader terms , the country has benefited from free trade agreement and NAFTA is surely good for Mexican population , although it leads to inevitable changes in agricultural sector . However , changes don 't mean turning situation for worse . In particular , two-way trade between the United States and Mexico swiftly grew up and amounts up to 231 billion in 2002 compared with 81 billion in 1993 . It means that Mexican modest trade deficit is turned into trade surplus of about 37 billion (Williams 2004 ) Further , country 's export grew as well up to 80 during 1985-1993 after accession to GATT . Since NAFTA the growth rate has even doubled . Mexico 's export of end-products amounts about 90 of leads to creation of more jobs and higher paying . The next moment to mention is that the annual growth of gross domestic product (GDP ) is 5 .4 in 2000 compared with 3 .9 during 1990-1994 . Many economic analysts say that both export and international trade are keys to accelerating country 's economic and financial recovery after crisis in 1995 . During 2001-2002 GDP growth slowed down because of economic woes in the USA , but since 2002 it has been increasing (Gruben 2001 ) Agricultural export has also certain benefits since accession to NAFTA . Previously , the country 's annual deficit was about 1 .5 billion with the USA , but since NAFTA agricultural export has doubled as well - in 2002 growth of agricultural exports was about 9 . The next benefit is lower costs inputs for country 's food processing due to increased competition and free trade . Moreover , decreased inflation rates for food products provided excellent opportunities for stabilizing inflation since 1990s . It may seem that increased competition would destroy some business , but the positive moment is that the dollar value of country 's agricultural production has increased - for pork up to 24 , for beef up to 13 , for chicken up to 60 , for fruits up to 27 , for sorghum up to 85 , and for vegetables up to 36 (Williams 2004 ) Despite increased competition , many of Mexico 's sectors remain competitive with the US sectors : fresh fruits , vegetables , live cattle , tomatoes and avocado . Moreover , export of horticultural has also increased by 120 . Mexican debate in agricultural sector is how to offer more protection from imports . However , some claim that party simple seeks ways how to capitalize relations with the rural poor . For example , David Williams writes that ``NAFTA provisions coupled with the U .S . Farm Bill , often have been portrayed as portending certain doom for Mexico 's agricultural sector however , U .S . producers absorb costs that Mexican producers do not , such as high labor costs , costs of compliance with strict environmental and worker safety regulations and taxes (Williams 2004 ) Actually , Mexico faces domestic structural problems which can 't be addressed... |
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