Pros and Cons of Nafta Essay - 1568 Words

Pros and cons of NAFTA NAFTA, the North American Free Trade Agreement, has been getting a lot of not so favorable, and sometimes, controversial headlines in recent years. Some critics blame it for the current labor shortages in the United States, due to the fact that most U.S. companies have been and continue to outsource and ship jobs overseas. However, its proponents have been hailing it as a great success in helping lowering national prices on certain manufactured goods and services and that it has caused to increase wages for certain jobs within the U.S. The Agreement was signed by Bill Clinton, president of the United States, Brian Mulroney of Canada, and Carlos Salinas de Gortari of Mexico. It was hailed as the highest†¦show more content†¦These arent easily transported, so being able to export them to nearby countries is important. NAFTA boosted U.S. service exports to Canada and Mexico from $25 billion in 1993 to $106.8 billion in 2007 (latest data available). Service exports were $40 billion. NAFTA eliminated trade barriers in nearly all service sectors, which are often highly regulated. NAFTA requires governments to publish all regulations, lowering hidden costs of doing business. Reduced Oil and Grocery Prices: The U.S. imported $157.8 billion in oil from Mexico and Canada (shale oil).This also reduces U.S. reliance on oil imports from the Middle East and Venezuela. It is especially important now that the U.S. no longer imports oil from . Why? Mexico is a friendly country, whereas Venezuelas president often criticizes the U.S. Both Venezuela and Iran have started selling oil in currencies other than the dollar, contributing to the decline in the dollars value. Since NAFTA eliminates tariffs, oil prices are lower. The same is true for food imports, which totaled $28.9 billion in 2008. Stepped Up Foreign Direct Investment: Since NAFTA was enacted, U.S. foreign direct investment (FDI) in Canada and Mexico more than tripled to $348.7 billion (as of 2007, latest data available). Canadian and Mexican FDI in the U.S. grew to $219.2 billion. NAFTA reduces investors risk by guaranteeing they will have the same legal rights as local investors. Through NAFTA, investors can makeShow MoreRelatedPros and Cons of NAFTA Essay1603 Words   |  7 PagesNAFTA is a trade agreement signed by the North American nations of Canada, Mexico and the US. In terms of combined GDP between the countries, it has created the largest trade bloc in the world. The NAFTA is a result of many years of negotiations, starting in 1986 under President Ronald Reagan, and finally signed on the 17th of December in 1992 under President George H. W. Bush. It became fully implemented in 2008 under President Barack Obama. The trade agreement was largely implemented as a resultRead MorePros And Cons Of Tariffs1127 Words   |  5 Pages Pros and Cons of Tariffs Principles of Macroeconomics Columbia Southern University BBA-2401 Angelo Jones Managing the how goods and services enter or leave this country (import/export) is an important process that allows for us to control the economic status of our nation. Sometimes imposing tariffs on the goods imported balances our labor cost, resources and government supported industry. A tariff by definition is a tax or duty to be paid on a particular class of importsRead MoreBussiness Qa Essay761 Words   |  4 Pagespractice. Outsourcing offshore can allow companies to tap into foreign markets and expand their businesses. 6. Outline the potential pros and cons of the 3 key strategies for developing foreign markets: exporting, licensing and franchising, and direct investment. Exporting |Pros: |Cons: | | | Read MoreThe Pros And Cons Of Tariffs Essay1628 Words   |  7 PagesPresenting the Pros and Cons of Tariffs An important part of managing the economic status of a nation is to manage the methods in which goods and services are imported and exported into and out of the country. Because of differing resources, labor costs, and government support of industry, fiscal policy sometimes includes placing a tariff on imported goods in an attempt to level the economic playing field. â€Å"Tariff† comes originally from the Arabic word ta’rifah meaning â€Å"to make known.† In a moreRead MoreEssay on North American Free Trade Agreement NAFTA1710 Words   |  7 PagesNAFTA: North American Free Trade Agreement Implementation of the North American Free Trade Agreement (NAFTA) began on January 1, 1994, and is one of the United States’ most significant regional trade agreements. The final provisions of the NAFTA were fully implemented on January 1, 2008. With full implementation, the last remaining trade restriction on a handful of agricultural commodities such as U.S. exports to Mexico of corn, dry edible beans, nonfat dry milk and high fructose corn syrupRead MoreThe North American Free Trade Agreement1711 Words   |  7 PagesThis paper will discuss four components of the North American Free Trade Agreement: Background, events, pros and cons. Upon the research, you will discover four online articles to provide more detail and examples. This research will indicate how it was developed and the reasoning on why it would benefit the nation. Also, it will provide events that occur after the agreement was signed by congress and the recession the countries experience during the early 2000s. There will be a chart locatedRead MoreNorth American Free Trade Agreement981 Words   |  4 Pagesbetter known as, â€Å"NAFTA†. The use of NAFTA is in America’s best interest because, it benefits U.S. jobs, improves trade relations, promoted specialization of trade. Jobs in the United States thrived with the application of NAFTA. Millions of new jobs were created as trade became easier between the countries of North America. In an article titled, â€Å"North American Free Trade Agreement†, author Carol Wise speaks of the impact this agreement has made on each country involved in NAFTA. It has been provenRead MoreThe Transatlantic Trade And Investment Partnership1284 Words   |  6 Pagessociety. The North American Free Trade Agreement (NAFTA) which entered into force on 1 January, 1994 was signed by the United States, Canada and Mexico. This treaty is to eliminate barriers of tariff in agriculture, manufacturing and service and eliminate investment restrictions. It also protects intellectual property rights and promotes the rate of economic growth of Mexico. However, there was many oppositions when America entered into NAFTA. The most obviously reason is that a lot of workersRead MoreEssay about NAFTA1048 Words   |  5 PagesOn January 1st, 1994 the North American Free Trade Agreement, commonly referred to as NAFTA, went into effect after years of contentious battle and debate amongst those drafting it and viewing it from afar. In fact, it took three U.S. Presidents to finally complete the deal: Reagan, Bush Sr., and ultimately, Clinton. Those who opposed it warned of vanishing industries, skyrocketing unemployment, and of unfair consequences to those that were less educat ed. Ross Perot famously stated, â€Å" giant suckingRead MoreThe Main Goals Of Free Trade Agreements1186 Words   |  5 PagesAgreement or NAFTA. Organized in 1994, the agreement included the United States, Canada, and Mexico. The agreement called for many tariffs to be taken off products between the nations, allowing trade between the countries to become easier (International). NAFTA also increased the number of exports traded between the three nations. Goods traded in 2008 were calculated to be almost worth 1 trillion dollars (Murphy). Agricultural items were, and still are, the biggest trading product under NAFTA. America

The Formula Of Capital By Karl Marx - 1042 Words

At this juncture in Capital, Karl Marx introduces a conceptual problem investigating whether the formula of capital reached its current description from a series of natural and inevitable phases in human history. Marx contends capital to be unnatural and its current state to ascend from human-made historical and social economic systems. Despite this, the Neoclassicals and Neoliberals of current mainstream economics trust that this formula for capital has been how humans operate and have always operated (w source?). Marx’s development into this definition serves to be historical and abstracted through the concrete measurements from the circulation of capital. Marx illuminates capital’s unnatural characterization via The General Formula of Capital (or the Self-Moving Substance that is Subject) to uncover precise complications and contradictions. As a result, Marx derives a solution engaging evidence clarifying this mode of circulation as historically specific to capital and cannot be explained as a natural product of human nature. From a historical analysis on the circulation of commodities, Marx challenges to inquire an issue behind capital’s unnatural behavior. He enlightens there is a logical and historic origin of capital with an imperative emphasis meticulously on the historical origin. Marx apprises the evident historic origins of capitalism by perceiving â€Å"However, we do not need to look back at the history of capital’s origins in order to recognize that money is itsShow MoreRelatedComparing and Contrasting Sociological Theorists Max Weber, Emile Durkheim and Karl Marx1599 Words   |  7 PagesEmile Durkheim, Karl Marx, and Max Weber are all important characters to be studied in the field of Sociology. Each one of these Sociological theorists, help in the separation of Sociology into its own field of study. The works of these three theorists is very complex and can be considered hard to understand but their intentions were not. They have their similarities along with just as many of their differences. The first theorist to consider is Karl Marx. Marx has a uniqueness all of his ownRead MoreKarl Marx History of Economic Thought1454 Words   |  6 Pages10-992-204 Professor Allgoewer Karl Marx: â€Å"A context for inevitable social revolution† Of particular interest in Rima’s summary and critique of Marx’s background and social/economic contributions is the quote: â€Å"It is not the consciousness of men that determines their being, but, on the contrary, their social existence that determines their consciousness.† Karl Marx, in reference to modes of production, which refers to the socialRead MoreKarl Marx And The Great Philosopher Essay988 Words   |  4 PagesKarl Marx was born in Trier, Prussia in 1818 to a Jewish family, but despite his baptism at age 6, he later became an atheist. Marx attended University of Bonn, but due to his imprisonment for drunkenness and variances with another student, he was enrolled in the University of Berlin by his parents. Marx earned his degree in philosophy and began writing for Rheinische Zeitung, a liberal democratic newspaper. He later became their editor. Marx was a member of Young Hegelian movement which was groupRead MoreMarx and Durkheim’s View on the Benefits and Dangers of Modern Capitalism1991 Words   |  8 PagesIntroduction Karl Marx (1818-1883) and Émile Durkheim (1858-1917) were sociologists who both existed throughout similar time periods of the 19th and early 20th centuries, resulting in both Marx, and Durkheim to be concerned about similar effects and impacts among society (Appelrouth and Edles: 20, 77). Marx’s main focus was on class distinctions among the bourgeoisie and proletariat, forces and relations of production, capital, surplus value, alienation, labour theory of value, exploitation and classRead MoreMarxist Philosophy Essay2226 Words   |  9 Pages Although there is a strong diverse controversy tied with the name of Karl Marx, he was concerned primarily with human freedom, stimulating the ancient concept of Communism, in which human beings might fulfill their cooperative roles within society, without the fear of exploitation. He saw the historical period of capitalism as the menacing antagonist of such freedom; menacing because unlike serfdom (the predecessor of capitalism in the evolution of social relations), capitalism enabled the illusionRead MoreThe Paradox of Capitalism2320 Words   |  10 Pagesexploitation of the poor by the strong and powerful. For the ruling class, it symbolizes a system where opportunities abound for those who are devoted, innovative, and work hard. Karl Marx and Emile Durkheim, prominent social theorists studied the division of labour in a capitalist economy and both of their views have merit. Marx, well renowned German philosopher was one of the first incredibly influential social activists in history. He fear that we live in a materially determined economy has come toRead MoreExploitation And Societal Reorganization Of Karl Marx And Mary Wollstonecraft1709 Words   |  7 PagesSabrina Gibson Honors Mosaics II Professor Smetona 09 November 2015 Exploitation and Societal Reorganization Karl Marx and Mary Wollstonecraft are both philosophers who have observed the relationships between ruling and ruled classes of people. In Marx’s text Capital he discusses how there must exist a bourgeois class that exploits a class of proletarians in order for capitalism to exist. Mary Wollstonecraft in her work A Vindication of the Rights of Woman argues that a patriarchal society inRead MoreSocialism And The Current System Of Capitalism1500 Words   |  6 Pagesalready in America and why it failed then for the same reason it would today. To fully understand what socialism is one must first know how and when it came about and finally what it actually means. The idea of socialism came from a man called Karl Marx. Marx was a 19th century philosopher who had close ties to several communistic groups. Throughout his writings he was trying to move away from the capitalist system and trying to make the workingmen the new ruling class (History.com, 2009). AccordingRead MoreEconomic Globlization1286 Words   |  6 Pagescharge whatever they see fit†. The reason for this is lack of competition in a capitalistic society. Karl Marx a social theorist of the 1800’s believed that the basis of social order in every society is the production of economic goods. â€Å"The concepts of what is produced, how it’s produced, and how it’s exchanged determines the differences in people’s wealth, power, and social status†. Marx argued that because human beings must organize their activities, in order to clothe, feed, and house themselvesRead MoreWorking Capital Concept And Definitions Essay1063 Words   |  5 Pages2-2 Working capital concept and definitions According to, the first formation of the concept of working capital was possibly first established by Karl Marx (Bhattacharya 2006). Working capital was defined as current assets minus current liabilities. In general, this definition is also identified as â€Å"networking capital†. are sometimes Current assets called as gross working capital. The current assets can be divided into four main elements: (1) cash (2) marketable securities (3) accounts receivable

Natl †the Cane Farmers Free Essays

Case: â€Å"Nghe An Tate Lyle Sugar Company (Viet Nam)† Question : Are farmers likely to convert to sugar cane ? The farmers who lived within 50 kilometers of the sugar mill are likely to convert to sugar cane in term of economic return and other benefits. – Economic return: Net returns to farmers per Hectare from growing Sugar cane is high. From Exhibit 9 with norminal cash flow of a crop life cycle ( 4 years), the total rerurn of one hectare is 6,900 (000’VND) and net present value is 3,841 (000’VND) with nominal discount rate 13. We will write a custom essay sample on Natl – the Cane Farmers or any similar topic only for you Order Now 3%/year. Compare to coffee and rubber, sugar cane need only one year to revenue. Compare with other crops ( pineapple, coffee, rubber †¦), Sugar cane can get highest economics from exhibit 10 as below: Unit: Dong per hecta | Sugar |Pineapple |Coffee |Rubber |Peanuts |Peanuts |Peanuts | |   |  cane | | | |and Maize | peanuts |and Rices | |Number of years |420 |420 |420 |420 |420 |420 |420 | |Planting years |105 |140 |168 |120 |0 |0 |0 | |Typical years |315 |280 |252 |300 |420 |420 |420 | |Revenue |2,835,000 |3,955,000 |4,536,000 |3,000,000 |2,856,000 |4,032,000 |4,080,300 | |Total Costs |2,110,500 |3,255,000 |5. 21,100 |3,097,500 |3,696,000 |3,864,000 |3,906,000 | |Total net return |724,500 |700,000 |-485,100 |-97,500 |-840,000 |168,000 |174,300 | |Return per year |1,725 |1,667 |-1,155 |-232 |-2,000 |400 |415 | | Note: 420 is lowest common multiple of crop life cycle (4,3,10,28) and assume that time value of money is ignored (no discount to present value). From exhibit 11, Net return from Cane also get highest net present value for period from 1998 to 2015 with nominal discount rate 13,3% per annum and opportunity cost of labor is $1. 0/day: NPV Cane +82,894; NPV pineapple +19,617; NPV coffee +2,438; NPV rubber -13,557, NPV combo A -34,515; NPV combo B +6,902, NPV combo C -2,158 (US$ in thousand). – Other benefits: One of three parts of NATL’s development plan is an outreach program to help local farmers to convert to cane production which means that their sugar cane will have more added value because cane production can sell with higher price and the farmers can use their products. The company expected to employ 725 people, provided n-house traning so many members of the farmer family can be come workers, educated ones can also become staffs. This will creat many good affects to the local farmers. The project would need roughly 300 lorries during the harvest season so some farmers can borrow money from local banks to buy new hauliers to transport cane to the factory. With many benefits as above, before converting to sugar cane the local farmers need to understand/know the risks of converting. The first risk is to avoid converting too much from the beginning of the project. The factory will reach full capacity by the 2002/2003 harvesting season, so for the period from 1998 to 2002, the numbers of hactares convert to cane need to increase arcordingly. – Second risk is related to the NATL’s complex payment system, with the first installment, approximately 75% of the total, would be made within 14 days of delivery and the rest would be made at the end of the season with adjustment for sugar content and market price. The local farmers seem to familiar with simple full payment upon delivery even though with lower price, many poor farmers can have enough cash for their daily life and no effected by adjustment with the old payment method. With these analysises, the famers will have much more benefits, some related risks can be considered and controlled so I believe that they will convert to sugar cane. How to cite Natl – the Cane Farmers, Essay examples

Oedipus Medea And Agamemnon Essay Example For Students

Oedipus Medea And Agamemnon Essay A monologue from the play by Aeschylus NOTE: This monologue is reprinted from The Dramas of Aeschylus. Trans. Anna Swanwick. London: George Bell and Sons, 1907. AEGISTHOS: Hail, joyous light of justice-bearing day!At length I can aver that Gods supernal,Judges of men, look down on earthly woes,Beholding, in the Erinyes woven robes,This man, thus prostrate, welcome sight to me,The wiles atoning compassed by his sire.For Atreus, Argos ruler, this mans father,Did from the city and his home expelThyestes, rival in the sovereignty,My father, to be plain, and his own brother.But coming back, a suppliant of the hearth,Wretched Thyestes found a lot secure,Not doomed his natal soil with blood to stain,Here in his home: but this mans godless sire,Atreus, with zeal officious more than kind,Feigning a joyous banquet-day to hold,Served to my sire, for food, his childrens flesh.Their feet indeed, the members of their hands,Seated aloof, in higher places, he hides.Partaking of the undistinguished parts,In ignorance, Thyestes eats the food,Curse-laden, as thou seest, to the race.Discerning then the impious deed, he shrieked,And back recoiling the foul slaug hter spewed.Spurning, with righteous curse, th insulted boardDread doom he vows to the Pelopid;So perish the whole race of Pleisthenes.Hence is it that ye see this man laid low;The righteous planner of his death am I.For me, the thirteenth child, in swathing clothes,He with my wretched sire, to exile drove.But, grown to manhood, Justice lead me back,And I, although aloof, have reached this man,The threads combining of the fatal plot.Now for myself twere glorious to die,Seeing this man entrapped in Justice toils.