After becoming part of the north american free trade agreement (nafta) in 1994, mexico _____.
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Show How did joining NAFTA affect the Mexican economy?Foreign investment increased greatly following the passage of NAFTA, with billions of dollars yearly being invested in Mexico. This foreign investment manifested in an increase in manufacturing as a share of Mexican exports, with exports to the United States increasing to 88.66 percent of Mexican exports by 2001.
How did NAFTA change the relationship between Mexico and the United States quizlet?NAFTA gave a major boost to Mexican farm exports to the United States, which have tripled since NAFTA's implementation. Hundreds of thousands of auto manufacturing jobs have also been created in the country, and most studies have found that the pact had a positive impact on Mexican productivity and consumer prices.
How did NAFTA affect the economies of participating countries?In short, NAFTA created a large free-trade zone reducing or eliminating tariffs on imports and exports between the three participating countries (the U.S, Mexico, and Canada). Overall, there was an increase in trade between the three countries, and real per-capita GDP also increased slightly.
What was the major purpose of the passage of the North American Free Trade Agreement NAFTA )?The purpose of the North American Free Trade Agreement (NAFTA) was to reduce trading costs, increase business investment, and help North America be more competitive in the global marketplace. The agreement was between Canada, the United States, and Mexico.
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