Some of the factors that Congress is considering is the improvement of human rights, arms control, and the conflicts in the American Labor Unions. ... Besides the US, China must be approved by the European Union, the Latin Americas, and other key players in the WTO. ... If he doesn't help with the acceptance, Chinese-American relations would not be bettered, which was one of the goals for his administration (Eckholm-US team , 1.) ...
This January of 2014, the North American Free Trade Agreement (NAFTA) had its twentieth anniversary of existence. ... The North American Free Trade Agreement aimed to eliminate tariffs and reduce non tariff barriers amongst it members. ... American billionaire Ross Perot constructed a relatively successful Presidential campaign, for an independent, under the anti-NAFTA flag. ... Figure 2 shows the increase in North American imports, which grew by 450% between the last two decades. ... Figure 4 displays the lacklustre Mexican economy which's average growth after NAFTA fell below the World ...
The status of China as the 'world factory' made the Americans " relocate [their] domestic and labour-intensive industries" to China, which then develops a symbiotic relationship between Chinese and American economies (Uberoi, 2008 p. 124). ... Guo and Hickey (2010, p. 43) report that " China offers aid to over 160 countries in Africa, Asia, Eastern Europe, Latin America and the South Pacific in the form of grants, interest-free loans and low-interest loans". ...
Here, one could argue that the liberal concept of free trade primarily operates in the interests of hegemonic countries dominating the WTO that have already built up a strong economy and specialized in manufacturing goods with a comparative advantage, leaving behind less developed countries that are unable to compete yet open up their markets.5 For instance, many Latin American countries followed the successful example of Chile in the 1970s and adopted outward-oriented policies, hoping to experience a similar economic growth. ...
