Exam 33: New Challenges in a New Millenium

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

Identify the following term(s). -North American Free Trade Agreement (NAFTA)

Free
(Short Answer)
4.8/5
(29)
Correct Answer:
Answered by Examlex AI Copilot

The North American Free Trade Agreement (NAFTA) was a landmark trade pact signed by Canada, Mexico, and the United States that came into effect on January 1, 1994. Its primary purpose was to eliminate most tariffs on products traded among the three countries, thereby creating a trilateral trade bloc in North America.

Historical Significance of NAFTA:

1. **Trade Liberalization**: NAFTA was significant for being one of the world's largest free trade zones. It dramatically reduced trade barriers and tariffs on thousands of goods between the member countries, which facilitated an increase in cross-border trade and investment.

2. **Economic Integration**: The agreement led to greater economic integration among the three countries. It allowed for the easier movement of goods, services, capital, and labor, which helped in creating a more competitive economic environment and aimed to boost the economies of all member nations.

3. **Industrial Growth and Job Creation**: NAFTA's implementation was associated with industrial growth in member countries, particularly in sectors such as automotive, agriculture, and services. It also contributed to job creation, although the extent and distribution of these benefits have been subject to debate.

4. **Controversy and Criticism**: NAFTA was historically significant for the controversy it generated, particularly in the United States and Canada, where it was blamed for job losses in manufacturing sectors due to companies relocating to Mexico to take advantage of lower labor costs. This led to debates about the impact of globalization and free trade on domestic economies and workers.

5. **Influence on Global Trade**: NAFTA set a precedent for future trade agreements by including provisions on intellectual property rights, environmental standards, and labor rights. It served as a model for negotiating complex trade deals and influenced the way countries approached trade liberalization.

6. **Political Relations**: The agreement strengthened political relations between the three countries, fostering closer cooperation on various economic and non-economic issues, including security, immigration, and environmental concerns.

7. **Renegotiation and USMCA**: The historical significance of NAFTA also lies in its renegotiation. It was extensively renegotiated and eventually replaced by the United States-Mexico-Canada Agreement (USMCA), which came into effect on July 1, 2020. The USMCA aimed to address various criticisms of NAFTA, including labor protections, environmental standards, and digital trade.

In summary, NAFTA was historically significant for transforming North American economies, influencing global trade policy, and sparking a debate on the benefits and drawbacks of trade liberalization. Its legacy continues to shape economic and political relations in the region through its successor, the USMCA.

Which of the following were powerful conservative political forces in the 21st century?

Free
(Multiple Choice)
4.9/5
(31)
Correct Answer:
Verified

E

The North American Free Trade Agreement, the world's largest trade zone,

Free
(Multiple Choice)
4.8/5
(37)
Correct Answer:
Verified

D

Terrorist tactics such as bombings, kidnappings, and assassinations have been practiced by

(Multiple Choice)
4.8/5
(41)

The motives for the September 11, 2001, attacks included

(Multiple Choice)
4.8/5
(24)

What sparked the forced resignation of Pakistani president Pervez Musharraf?

(Essay)
4.8/5
(39)

Failing to find weapons of mass destruction, and after toppling Saddam Husain, the U.S. failed

(Multiple Choice)
4.7/5
(40)

An important force for promoting human rights has been philanthropic bodies known as:

(Multiple Choice)
5.0/5
(32)

The United Nations Universal Declaration of Human Rights reflected

(Multiple Choice)
4.7/5
(34)

What is the theory behind terrorism? Who is Usama bin Laden? Has terrorism worked?

(Essay)
4.9/5
(22)

Discuss the spread of democratic government in the last decades of the twentieth century. Why and where has it spread? What is the impact of the expansion of democracy?

(Essay)
4.7/5
(30)

Use Map (in the textbook) 33.3 and examine what religions have the most adherents and what regions have large atheist or nonreligious populations. Is there an explanation for this pattern?

(Essay)
4.8/5
(40)

At international women's rights conferences, non-Western women

(Multiple Choice)
4.8/5
(35)

Refer to Map (in the textbook) 33.1 and explain why areas such as Latin America and Africa have the lowest GDPs. Correlate this with the relatively recent events of industrialization and decolonization.

(Essay)
4.7/5
(29)

Identify the following term(s). -Universal Declaration of Human Rights

(Short Answer)
4.8/5
(35)

After serving two terms as a democratic but authoritarian president of Russia, Vladimir Putin

(Multiple Choice)
4.7/5
(32)

As it became apparent the Japanese culture and society began to spread in modern times, which countries were quick to develop dynamic industrial economies of their own?

(Multiple Choice)
4.7/5
(36)

Why does the World Trade Organization attract critics and protests?

(Multiple Choice)
4.8/5
(26)

The World Trade Organization was founded to

(Multiple Choice)
4.8/5
(31)

What events took place on September 11, 2001? How did these events reflect a rejection of American domination at the end of the millennium? Why was terrorism the chosen method for this rejection?

(Essay)
4.9/5
(27)
Showing 1 - 20 of 84
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)