Help with Credible References: NAFTA's Failures

Here's One

http://www.nwlaborpress.org/2001/4-20-01FTAA.html

"When NAFTA was up for approval in U.S. Congress in the fall of 1993, supporters promised it would bring prosperity and jobs to all three countries. Television ads created by the business-backed lobby group USA*NAFTA said opening trade would save 700,000 U.S. jobs. The Clinton Administration predicted that NAFTA would add 200,000 U.S. jobs within five years.

The pro-NAFTA Institute for International Economics argued that a free trade agreement with Mexico would create a more favorable balance of trade for the United States.

Seven years later, NAFTA critics point out, none of these predictions have come true. The United States lost 400,000 manufacturing jobs, Canada 200,000. Mexico added roughly 800,000 manufacturing jobs in its "maquiladora" sector of production for export, but no increased prosperity, in part because massive increases in U.S. corn imports displaced hundreds of thousands of Mexican farmers, who then bid down wages in manufacturing and left for the United States in search of survival.

And the Economics Institute couldn't have been more wrong. The $475 million trade surplus the U.S. enjoyed with Mexico in 1993 had become a $16 billion-a-year trade deficit by 1998, and has spiraled upward since then."

Robert Scott. Also, Dr. Ravi Batra's book is pretty good: "The Myth of Free Trade - The Pooring of America". The difficulty is that what is called: "Free Trade" is really corporate managed trade and bears just about as much resemblance to Free Trade as abortion does to "Freedom of Choice".

for all of us to use.

~peace