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OverviewNAFTA 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. Full Product DetailsAuthor: Mikyung LimPublisher: LAP Lambert Academic Publishing Imprint: LAP Lambert Academic Publishing Dimensions: Width: 15.20cm , Height: 0.90cm , Length: 22.90cm Weight: 0.231kg ISBN: 9783838322285ISBN 10: 3838322282 Pages: 152 Publication Date: 22 January 2010 Audience: General/trade , General Format: Paperback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |