NAFTA: A Critical Reassessment
NAFTA, the North American Free Trade Agreement, was signed by the U.S., Canada and Mexico amid great fanfare. It was supposed to create jobs and prosperity in all three countries. The agreement was cited as proof that Mexico was about to attain First-World status. Look at Mexico today. Its economy is a shambles. The peso is devalued. Inflation is causing severe hardship, and there is massive unemployment. NAFTA doesn’t look too good for U.S. and Canadian workers, either. Most of the new jobs are of the Wal-Mart and 7-11 variety. NAFTA needs to be reexamined.
Recorded at the University of Colorado at Boulder.
Elaine Bernard is the executive director of the Labor and Worklife Program at Harvard Law School. She is past president of the New Democratic Party of British Columbia, Canada and she is the former director of the Labor Program at Simon Frazier University in Burnaby, B.C. She lectures and writes extensively on political, trade and labor issues.