WORLD WAR II
DECOLONIZATION PHASE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NAFTA led to a decrease in trade between the countries of North America.
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Free trade led to an increase in prices on American-made goods.
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Labor shortages led to higher prices on American goods.
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Many companies moved production to Mexico where pay was lower, causing people in the US and Canada to lose jobs.
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Detailed explanation-1: -The main downside of NAFTA was the loss of United States manufacturing jobs. Many jobs shifted from the United States to Mexico, as higher-paying factory jobs moved to more cost-effective regions. This was especially true in lower-skilled industries such as the automotive or textile industries.
Detailed explanation-2: -Due to NAFTA, Mexico lost nearly 1.3 million farm jobs from 1994 to 2004. 5 The 2002 Farm Bill subsidized U.S. agribusiness by as much as 40% of net farm income. 6 When NAFTA removed trade tariffs, companies exported corn and other grains to Mexico below cost. Rural Mexican farmers could not compete.
Detailed explanation-3: -Con 1: NAFTA led to the loss of U.S. manufacturing jobs. According to the CFR, the U.S. auto sector lost roughly 350, 000 jobs between 1994 and 2016. Many of those jobs were taken up by workers in Mexico, where the auto sector added over 400, 000 jobs in the same period.
Detailed explanation-4: -First, it caused the loss of some 700, 000 jobs as production moved to Mexico. Most of these losses came in California, Texas, Michigan, and other states where manufacturing is concentrated.
Detailed explanation-5: -The enhanced economic activity and production in the region have contributed to the creation of jobs for Canadians with one in six jobs in Canada related to exports. With the addition of more than 5 million net new jobs since 1993, Canada’s unemployment rate has decreased from 11.4 percent (1993) to 7.0 percent (2015).