GK
WORLD ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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U.S. tariffs would decrease profits.
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Outsourced labor would increase prices of goods.
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U.S. companies would move jobs abroad.
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Establishment of similar treaties would hinder economic growth.
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Detailed explanation-1: -Critics also argued that the treaty would bring about a major degradation in environmental and health standards, promote the privatization and deregulation of key public services, and displace family farmers in signatory countries.
Detailed explanation-2: -During the time following the passage of NAFTA, internal manufacturing employment fell by 44, 000 while employment at foreign-owned manufacturing firms grew by approximately half a million jobs. Overall employment growth remained sluggish following the passage of NAFTA.
Detailed explanation-3: -U.S. Jobs Were Lost. U.S. Wages Were Suppressed. Mexico’s Farmers Were Put Out of Business. Maquiladora Workers Were Exploited. Mexico’s Environment Deteriorated. NAFTA Called for Free U.S. Access for Mexican Trucks. USMCA. More items •20-Jan-2022