Question

What were some of the major arguments supporting and opposing u.s participation in international free trade agreements during the late 20th and early 21st centuries?

Answer 1

It encourages companies to relocate jobs to countries that do not protect workers' rights.

Step-by-step explanation:

Answer 2

A series of FTA (Free Trade Agreements) were signed between the United States and Latin American Countries such as Peru, Costa Rica and Chile.

Arguments in favor:

• It eased the access of American business into these foreign economies. Aiding them in their global expansion strategies.

• US consumers would have access to high-quality products from other countries. This dynamizes the economy.

Arguments against:

• The entrance of goods from foreign countries may har the local industry, as American producers cannot compete against the cost structure of their foreign counterparts, which is considerably lower.