Hemispheric NAFTA-Shocks.On the day the North American Free Trade Agreement North American Free Trade Agreement (NAFTA), accord establishing a free-trade zone in North America; it was signed in 1992 by Canada, Mexico, and the United States and took effect on Jan. 1, 1994. (NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's ) took effect, the Zapatista movement began--a rebellion, they said, against the forces of globalization on behalf of the rights of indigenous Mexicans. Seven years later, as Zapatistas continued their struggle by peacefully marching this spring from Chiapas to Mexico City, trade ministers from 34 North and South American countries headed to Quebec City to hammer out a NAFTA of the Western hemisphere: The Free Trade Agreement of the Americas (FTAA FTAA Free Trade Area of the Americas FTAA Free Trade Agreement of the Americas FTAA Florida Turkish American Association FTAA Federated Tanners Association of Australia FTAA Fixed Threshold Adaptation Algorithm ). Though 500 corporate representatives were invited to attend the FTAA conference, civil society's invitations were apparently lost in the mail, leaving critics to assert that the FTAA is fundamentally undemocratic and that its goals of privatization and deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. will pad corporate wallets at the expense of workers, the poor, and the environment. Opponents cite sweatshop sweatshop: see sweating system. conditions, heavy pollution, and the migration of U.S. jobs to the South as evidence that the NAFTA-fication of the Americas will enrich a few and open borders to exploitation and injustice. |
|
||||||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion