Abstract

Beat the Devil
Cockburn, Alexander | November 29, 1993 issue

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As with so many momentous economic debates, the fight over the North American Free Trade Agreement (NAFTA) has been about something that largely has already happened. Jobs have been heading south for decades. Ask any older worker from the shoe or apparel industry in New Hampshire and Massachusetts. Cheap assembly with low-cost labor has been going full tilt for years now in the maquiladoras. Effects of ratification of NAFTA are similarly being exaggerated. NAFTA will not substantially resolve or augment the problems of the U.S. economy.

See Also:

FREE trade; NORTH American Free Trade Agreement (NAFTA); TREATIES; LABOR; EMPLOYMENT (Economic theory); UNITED States
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