Effects on Global Economy
The most influential country in the world, the United States, have been very focused on trading with Canada and Mexico after the creation of NAFTA. They trade with Canada and Mexico than almost all other countries combined. This has its benefits and side effects on the global economy. Because of NAFTA, the United States has remained a reliable, stable, and wealthy country that has helped regulate the globe. In all honesty, if the United States goes down so does every other country.
Negative effects include that the United States have been very focused on a few countries in regards to trading. They have missed opportunities in other countries to produce and manufacture goods because they are in agreements with NAFTA. Recently, the United States have came out by saying that they plan to explore other countries such as India, Vietnam, and Thailand.
Summary: NAFTA has a HUGE impact on the global economy, and the United States is finally seeing opportunities in manufacturing in other countries other than China and Mexico.
The most influential country in the world, the United States, have been very focused on trading with Canada and Mexico after the creation of NAFTA. They trade with Canada and Mexico than almost all other countries combined. This has its benefits and side effects on the global economy. Because of NAFTA, the United States has remained a reliable, stable, and wealthy country that has helped regulate the globe. In all honesty, if the United States goes down so does every other country.
Negative effects include that the United States have been very focused on a few countries in regards to trading. They have missed opportunities in other countries to produce and manufacture goods because they are in agreements with NAFTA. Recently, the United States have came out by saying that they plan to explore other countries such as India, Vietnam, and Thailand.
Summary: NAFTA has a HUGE impact on the global economy, and the United States is finally seeing opportunities in manufacturing in other countries other than China and Mexico.