Friday, 25 December 2009
Origins of NAFTA
Treaty of "America del Norte", came into force on Jan 1 1994, during the Clinton administration (Clinton was 42nd President of the USA between 1993-2001, Clinton studied PP&E at University College, Oxford). The US had already signed a similar treaty with Canada in 1988. Some economists argue NAFTA has been positive for Mexico, which has seen poverty rates fall and real incomes rise (in the form of lower prices, esp food).
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