In January 1994, the North American Free Trade Agreement (NAFTA) was signed into law.1 The agreement between the United States, Canada, and Mexico, was created to facilitate free trade across the North American countries by eliminating tariffs and making it easier for companies to move from the U.S. to Mexico.2 The agreement was controversial during…
Tag: International Trade
New Responses to New Recessions
During the Great Depression of the 1930’s nations isolated themselves from the global economy through protectionist trade policies. This led to a near halt in global trade and the world economy faded into chaos.1 Realizing that closing off national economies was responsible for a deeper and much more prolonged depression, in the post war-era the…