NAFTA and its Effects for all Parties Involved

In the past decade, the world's business practices have become increasingly globalized. A main reason for this is increased free trade between nations. Members of the industrialized world have joined trade alliances with others in close proximity to them. One of the most important and controversial of these alliances is the North American Free Trade Agreement (NAFTA), consisting of Canada, the United States, and Mexico, and NAFTA quickly became a major force in the global …

…would end any concern Canada or Mexico has regarding the value of their individual currency and would also stabilize the economy of all three participating nations. Works Cited Economic Policy Institute. "NAFTA at Seven." April 2001. <www.policyalternatives.ca> Irwin, Douglas. Free Trade Under Fire. Princeton University, 2001 The United States Trade Representative. "NAFTA at Eight." 2002. <www.ustr.gov> FTAA Secretariat. "Free Trade Area of the Americas." 13 September 2002. <www.ftaa-alca.org>