Nafta

13 Pages 3308 Words

nmental group, has been a strong critic of NAFTA.
The proponents of NAFTA include most economists, multinational corporations in general, and several key political figures, like President Clinton. Economists predicted the gains their models indicated, while multinational corporations were attracted to the expected bottom line gains.
To appease the fears of opponents, there were "side agreements" made on environmental and labor rights issues. While issues such as patents, copyrights, and other forms of intellectual property rights were made part of the core agreement of NAFTA, labor rights issues and environmental issues were made part of a "side agreement." Three institutions were created: The Commission on Environmental Cooperation (CEC), the Border Environmental Cooperation Commission (BECC) and the North American Development Bank. A NAFTA Trade Adjustment Assistance Program was created to compensate displaced workers.
After Three Years of NAFTA
After three years of NAFTA, the U.S. economy is still going strong, implying that NAFTA has ...