Question

Is the negative impact of NAFTA on the US worth it? Defend your response by providing an example and an explanation for your reasoning.

Answer 1

The overall impact of NAFTA on the US is complex, with both positive and negative effects. While there were job losses in certain industries, there were also benefits such as job creation in other sectors. I

Step-by-step explanation:

The overall impact of NAFTA on the US is a complex issue with both positive and negative aspects. While many argue that NAFTA has had a negative impact on the US due to job losses in certain industries, it is important to consider the overall effects and who benefitted the most.

1. One example of the negative impact of NAFTA on the US is the loss of jobs in the textile/apparel industry. When NAFTA was passed in 1994, approximately 300,000 jobs in this industry were lost, as companies moved their production to countries with lower wages such as Mexico and Asia.
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4. On the other hand, it is worth noting that NAFTA also brought some benefits to the US. For instance, some manufacturing jobs were created in the US, particularly in sectors where the US had a comparative advantage over Mexico. One example is Cummins, a manufacturer of diesel engines for large trucks, which relocated its production from Mexico to the US after NAFTA.

When deciding whether the negative impact of NAFTA on the US is worth it, it's important to consider a balanced view that takes into account both the costs and benefits. In some cases, certain industries and workers may have been negatively affected, but overall, NAFTA has had a mixed impact on the US economy.