- Jul 2024
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www.investopedia.com www.investopedia.com
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NAFTA displays the classic free-trade quandary: Diffuse benefits with concentrated costs.
for - key insight - free trade - from - Backfire: How the Rise of Neoliberalism Facilitated the Rise of The Far-Right
quote - free trade - (see below)
key insight - free trade - NAFTA displays the classic free-trade quandary: - Diffuse benefits with - concentrated costs - While the economy as a whole may have seen a slight boost, - certain sectors and communities experienced profound disruption. - A town in the Southeast loses hundreds of jobs when a textile mill closes, - but hundreds of thousands of people find their clothes marginally cheaper. - Depending on how you quantify it, the overall economic gain is probably greater but barely perceptible at the individual level; - the overall economic loss is small in the grand scheme of things, - but devastating for those it affects directly.
from - Backfire: How the Rise of Neoliberalism Facilitated the Rise of The Far-Right - https://hyp.is/F6XYujyREe-TaldInE8OGA/scholarworks.arcadia.edu/cgi/viewcontent.cgi?article=1066&context=thecompass
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for - NAFTA free trade - complexities
NAFTA free trade deal - complexities - NAFTA was a a very complex trade deal and it's not so easy to calculate its net impacts
from - How neoliberalism played a role in emerging the far-right - https://hyp.is/F6XYujyREe-TaldInE8OGA/scholarworks.arcadia.edu/cgi/viewcontent.cgi?article=1066&context=thecompass
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scholarworks.arcadia.edu scholarworks.arcadia.edu
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for - adjacency - Neoliberalism - rise of the Far-Right - paper summary
paper summary - title: Backfire: How the Rise of Neoliberalism Facilitated the Rise of the Far-Right - author: Jacob Fuller - date: April 2023 - publication: The Compass: Vol.1: Iss. 10, Article 3 - download link: https://scholarworks.arcadia.edu/thecompass/vol1/iss10/3
summary - A good paper that examines the root causes of the ascendency of the far-right in U.S. politics, based on harmonizing two theories - emergence of neo-liberalism - racialized economic anxieties
- NAFTA is complex and is often oversimplified
- See this article that discusses its complexities
to - How Did NAFTA Affect the Economies of Participating Countries? - https://hyp.is/0j7PsjyUEe-LGOsFIWCyWA/www.investopedia.com/articles/economics/08/north-american-free-trade-agreement.asp
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This decline in agricultural produc-tion, coupled with a sheer reduction in wages due toa lack of labor and regulatory standards in the agree-ment, created over 1.3 million lost jobs in the Mexicanagricultural sector alone, leading to an unprecedentedlevel of immigration into the United States
for - quote - Mexico - NAFTA job loss - stats - Mexico - NAFTA job loss
quote - Mexico - NAFTA job loss - - This decline in agricultural production, - coupled with a sheer reduction in wages due to a lack of labor and regulatory standards in the agree- ment, - created over 1.3 million lost jobs in the Mexican agricultural sector alone, - leading to an unprecedented level of immigration into the United States
stats - Mexico - NAFTA job loss - Mexico lost 1.3 million jobs due to mass migration to the US due to NAFTA
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fol-lowing the signing of NAFTA there has been a drasticincrease in the number of Mexican immigrants arriv-ing to the United States through the Southern Border
for - NAFTA impacts - US - Mexico
NAFTA impacts - US - Mexico - NAFTA was a neoliberal trade deal brokered between the US, Canada and Mexico to promote "free trade" - 10 years after signing NAFTA, Mexico reduced tariffs of US agricultural products<br /> - This resulted in a form of subsidizing US farmers, who outcompeted Mexican farmers, - causing many Mexican farmers to move or illegally migrate to the U.S.
Tags
- neoliberalism
- adjacency - neoliberalism - far-right
- to - Backfire: How the Rise of Neoliberalism Facilitated the Rise of The Far-Right
- NAFTA impacts - US - Mexico
- to - complexities of NAFTA free trade deal
- The Compass
- racialized economic anxieties
- stats - Mexico - NAFTA job loss
- far-right
- quote - Mexico - NAFTA job loss
- Jacob Fuller
- Backfire
Annotators
URL
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- Oct 2020
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www.washingtonpost.com www.washingtonpost.com
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He negotiated the North American Free Trade Agreement with Canada and Mexico, a measure that was ratified by the Senate in President Bill Clinton’s first term.
Interesting that he dies on the same day that Trump declares victory over the death of NAFTA.
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