The Importanceof A Successful Essay Research Paper — страница 4

  • Просмотров 293
  • Скачиваний 5
  • Размер файла 19
    Кб

the critical economic strength it requires to lift itself to the next level of economic development. If freer world trade would maximize global prosperity, groupings that divert trade and investment would deter natural economic interchange and growth. If the goal is local or regional competitiveness, the concern is the decay of overprotected economies. The North American common market would have to strive to avoid these traps by seeking further liberalization on a parallel basis with other trading blocs or within the framework of the World Trade Organization (Cargill P.2). The North American market could provoke the formation of retaliatory blocs in East Asia and a defensive restructuring of the European Union. Under NAFTA, the North American economy will combine the cross border

integration of natural resource industries such as energy and steel, with the regional production sharing arrangements in advanced manufacturing industries such as automobiles and computers. These two separate systems are hallmarks of the European Union and pioneered by East Asia. Because of its size, diversity, resources and interdependence, a North American common market combines the best aspects of both systems. A North America free of tariff and investment barriers would be the most unified major market in the world. Even without NAFTA, North America conducts proportionately more of its business within its borders that the European Union or East Asian yen bloc (Mendoza P.254). The North American free trade area would be the most open common market in the world, giving it a

comparative advantage in the demand of better access to markets overseas. With NAFTA, the 21st century will mark North America s emergence as one of the largest and richest unified markets in the world. North America will be thinking of itself as an economic community with common standards, a shared history, and compatible goals. Even without the trade agreement, the continent would have remained economically interdependent. Mexico would need to stay on its present investment driven path. But by having brought Mexico into the North American market formally, as a political partner and an acknowledged economic asset, the United States has a historic chance to make its relationship with its most populous neighbor more equitable as well as more profitable. There is no aspect of the

relationship, financial, diplomatic, political, cultural or environmental, that progress toward a common market will not improve, just as there are no bilateral conflicts that NAFTA s rejection wouldn t have aggravated (Kopinak P.151). NAFTA will not automatically resolve Mexico s problems or erase the legacy of centuries of cross-border friction. Nor will it guarantee North American success in the global quest for markets and capital. But in all these areas, NAFTA will help, and is that not reason enough for the endless possibilities that exist (Orme P.47). The United States believes that the future prosperity of their nation and the control of the world economy depends on the success of NAFTA. The ability to dominate the world markets, capital and economy is something the

United States has tasted and continues to do so. They will not release that power so easily and will economically commit war on their competitors to strengthen their grip on this priceless prize. Within the Western Hemisphere there is every reason to anticipate the perpetuation, and perhaps the accentuation, of US hegemony. In this event, a key determinant of US policy towards NAFTA will be the relative importance of the continent within the overall global arena. This value will depend largely on US relationships with major extrahemisphereic powers and its own position in the world system (Mendoza P.314). The more important NAFTA is for the purposes of US policy, the more attention it will receive. To some degree this outcome is inevitable. Largely to improve the US position

compared to the other major powers. The United States seems intent on intensifying, consolidating, and deepening economic contact with the countries of NAFTA. The United States is focusing on international systems, the distribution power, and perception and pursuit of national interests (Anonymous P. 167). NAFTA gives the United States an absolute advantage over to the European Union, Japan and its East Asian partners, and China. This advantage pushes the United States back into the position it wants. The absolute superpower of the world and the economic leader . Reference Page Anonymous. Incomes and Productivity in North America: Papers of the 1997 seminar. Beranan Press. Dallas, TX. 1997. The Cargill Bulletin: NAFTA- The Mexico Factor. Cargill Publications. www.cargill.com .