Abstract
AbstractThe current unemployment rate in US is around 10 percent and is significantly lower in Mexico. The regional trade agreements such as the North American Free Trade Agreement (NAFTA) were intended to ease and ultimately reduce barriers to allow businesses to flourish in North America, but current economic conditions are having a negative effect on export, import, and many of the economic indices. This paper describes the relationship between NAFTA’s execution and the general health of the current economy. It is suggested that the time is ripe to review and analyze NAFTA’s effectiveness in managing the current economy, globalization trends and challenges.
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