GEOG 1014 Lecture Notes - Lecture 15: Consumer Protection, Free-Trade Area, Environmental Policy
Document Summary
1994 signed into law o o slashed tariffs btwn us and mexico (50-55%) working towards 0! Different countries have different levels of development, environmental standarts, technologies, different wages. Lesser developed countries have great strategic advantage with their cheap labor to manufacture goods. More developed countries have a strategic advatge of making high end goods for cheaper. Mequiladoras: factory towns that take advatgae of the free trade. Wages went up in mexico o o o. Increased us exports to mexico bc mexicans had more money to buy things. More beef was eaten in mexico from us! Certain secotrs of economy in all 3 countries recalibrated or eliminated. Meat and milk industry in mexico went under. Most of this moved south of the border. Canadas exports and gdp have grown every single year. Why is the us a part of this? o o. Because we want to get a little richer and bigger and more jobs and a higher gdp.
