How did policies such as NAFTA serve the interests of the “privileged class,” according to the...
How did policies such as NAFTA serve the interests of the “privileged class,” according to the authors? How does free trade affect workers?
Homework Answers
Ans- NAFTA stands for North American Free Trade Agreement
It's benefits for privileged citizens can be:-
1. Quadrupled Trade
2. Lowered Prices
3. Increased economic growth
4. Better Job opportunities
5. Increased FDI
6. Increase in income of privileged citizens
Free trade affects workers in the following way:-
It lasts both positive & negative effects on Worker's positive one can see above and negative can be looses domestic control, causes imbalance of the BOP , Increase in the inflation etc.
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