What were some of the major arguments supporting and opposing u. s participation in international free trade agreements during the late 20th and early 21st centuries?

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Maren Raymond

12 March, 05:07

What were some of the major arguments supporting and opposing u. s participation in international free trade agreements during the late 20th and early 21st centuries?

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Answers (2)

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Megan Cobb · Answer 1

It encourages companies to relocate jobs to countries that do not protect workers' rights.

Erik · Answer 2

A series of FTA (Free Trade Agreements) were signed between the United States and Latin American Countries such as Peru, Costa Rica and Chile.

Arguments in favor:

It eased the access of American business into these foreign economies. Aiding them in their global expansion strategies. US consumers would have access to high-quality products from other countries. This dynamizes the economy.

Arguments against:

The entrance of goods from foreign countries may har the local industry, as American producers cannot compete against the cost structure of their foreign counterparts, which is considerably lower.