Discussion:
International Trade questions:
1. World Trade - Discuss the effects of NAFTA on: the United States, Canada, and Mexico. Is the European Union (EU) the real competitor of the U.S. in world trade? What other nations or groups of nations are now in the picture? (Support for your position).
2. Free Trade and Protectionism: What are the advantages and disadvantages of free trade vs. protectionism (both tariff and non-tariff barriers). In the form of a matrix (table) discuss the pros and cons of various trade pacts, including: NAFTA, World Trade Organization (formerly GATT), the European Community, G-8, and other regional trade agreements and organizations. Be sure to support your statements.