NAFTA 2.0 – What Should Be Next?
23 Pages Posted: 13 May 2017
Date Written: May 11, 2017
The Trump Administration’s plan to renegotiate the North American Free Trade Agreement (NAFTA) has spurred renewed attention to the Agreement among scholars and analysts as well as in the media. Much of the commentary regarding the impacts of NAFTA on the United States has centered on the role of NAFTA-induced trade between the United States and Mexico. Trade-based analyses are clearly important and useful, but there are other, largely unstudied, ways by which NAFTA has impacted the US economy. In this article, we widen the scope of the debate by exploring the overall impact of NAFTA, with attention to trade, foreign direct investment (FDI), employment, immigration, technology, labor interests, and the environment. We then recommend policy changes, centering on updating the Agreement to bring it into line with more recent US trade agreements and with the realities of the current economic and technological landscape.
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