--%>
Assignment Help - homework help

Creation of North American Trade Agreement

Mr. Ross Perot, former Presidential candidate of the Reform Party, that is the third political party in the United States, had strongly protested in the creation of North American Trade Agreement (NAFTA), however, which was inaugurated in the year 1994, due to fear of losing American jobs to the Mexico where it is cheaper to hire the workers. State merits and demerits of Mr. Perot’s position on NAFTA? Considering recent economic developments in the North America, how would you position of Mr. Perot’s is assessed on the NAFTA?

E

Expert

Verified

Since the growth of NAFTA, many American companies certainly have invested heavily in the Mexico, sometimes relocating the production from the United States to Mexico. Though this would have temporarily resulted in the unemployment of some American workers, they were rehired eventually by the other industries for higher wages. Presently, unemployment rate in the U.S. is pretty low by the historical standard. Simultaneously, Mexico has been experiencing an economic boom. It has become apparent that both the Mexico and the U.S. have benefited from NAFTA.  Concern of the Mr. Perot’s has been ill founded.

   Related Questions in Financial Accounting

  • Q : Meaning of Goodwill Meaning of Goodwill

    Meaning of Goodwill: Goodwill puts the association at a good position due to which the organization is capable to earn huge profits without any additional efforts. Goodwill can’t be seen although felt. Thus goodwill is termed as an Intangible as

    		•
  • Q : Article on companies decision and

    Write an article on the consequences and affects of companies decison on its profitability.

    		•
  • Q : Financial report Details of Assignment

    Details of Assignment : You are required to form a team (group) of 3 to 4 m embers. Let your lecturer know the names of your team members. Select a set o f financial statements for a group of companies and obtain approval from your le cturer for the group of companies that you have selected.

    		•
  • Q : Increase the return without any

    Suppose that treasurer of IBM has an extra cash reserve of $1,000,000 to invest for the six months. Six-month interest rate is 8% per annum in U.S. and 6% per annum in the Germany. Presently, spot exchange rate is DM1.60 per dollar and six-month forward exchange rate

    		•
  • Q : Explain Control of Cash Explain Control

    Explain Control of Cash. Illustrate briefly.

    		•
  • Q : Major reasons of current account

    In contrast to the U.S., Japan has observed constant current account surpluses. What would be the major reasons for such surpluses? Is it advantageous to have constant current account surpluses?

    		•
  • Q : Define the term Cash Define the term

    Define the term Cash in accountancy?

    		•
  • Q : Analysis of cash flow statement What do

    What do you mean by the term Analysis of cash flow statement?

    		•
  • Q : Objective Questions on Sociology 1)

    1) Which large European city declined significantly in population over the past century? A) Paris B) London C) Rome D) Madrid 2) The industrial city was characterized b A) decentralization B) corporate growt

    		•
  • Q : Uncertainty in dollar/franc exchange

    Suppose that your company has an equity position within the French firm. Explain some of the condition under which the dollar/franc exchange rate uncertainty does not have the exchange exposure for your company.

    		•