POL101Y1 Lecture Notes - Lecture 9: John Maynard Keynes, Trans-Pacific Partnership, Syriza
Document Summary
Unites canada, united states and mexico in a free trade zone. Us economy larger than american so if canadian business can access that market, then. Canadian industries have infinite room to expand business and increase profit. Down side: make many protective practices illegal. Labour unions oppose free trade agreements; farmers oppose free trade agreements: most common opposition comes from labour unions and agricultural sector. Most important free trade agreement signed by canada is nafta. Economists estimate that all three countries have experienced a modest economic benefit from this. Protects the rights of investors in other countries. Gives standing to corporations or investors to bring claims against governments for regulations or laws that violate free trade. If investor is fro other country, his investment rights are properly government not by laws of country but by rules of nafta. Idea that nafta would bring protection against nationalization and expropriation (when government seizes investments)
