{"product_id":"nafta-myth-a-weak-case-of-regional-free-trade-agreement-von-mikyung-lim","title":"NAFTA Myth: A Weak Case of Regional Free Trade Agreement?","description":"\u003cp\u003eNAFTA Myth: A Weak Case of Regional Free Trade  Agreement? The historic ushering of the North American Free  Trade Agreement (NAFTA) in 1994 created a free trade  and production zone in North America by eliminating barriers in trade and investment flows of North American origin. NAFTA triggered a great deal of polarized public debate. Economists predicted NAFTA to creat and divert trade and investment flow between North America and other  regions.  This research conducted qualitative and quantitative analyses of NAFTA impact on U.S. textile and apparel trade and production. The outcome shows the initial  positive NAFTA impact on expanding and regionalizing U.S. textile and apparel trade and textile production despite negative profit growth. This NAFTA-induced change, however, was  short lived. The Asian currency devaluation of late  1997, 9\/11 attack, recession and China''s WTO entry  reversed the work of NAFTA by expanding U.S. trade  with China at the expenses of Mexico, Caribbean  Basin and CAFTA regions and driving the related U.S.  industries into near collapse. The initial  expectation on NAFTA, therefore, became irrelevant,  a mere myth.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838322285\"\u003e\u003ch3\u003eThe Evidence from U.S. Textile and Apparel Trade and Production\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838322285","offer_id":39498922164317,"sku":"9783838322285","price":59.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/2eb39893-70c4-47d4-9c64-29e374bbd011.jpg?v=1757654747","url":"https:\/\/shop.autorenwelt.de\/products\/nafta-myth-a-weak-case-of-regional-free-trade-agreement-von-mikyung-lim","provider":"Autorenwelt Shop","version":"1.0","type":"link"}