The North American Free Trade Agreement: Did the "Giant Sucking Sound" Occur as Predicted? This paper takes the famous quote of Ross Perot that states that the North American Free Trade Agreement, better known as NAFTA, would "create a giant sucking sound" as it sucked jobs out of the United States. This paper is an investigation into such claims as well as an examination of primarily negative, as well as some positive, effects that NAFTA has had on the United States, Mexico, and Canada. This paper covers the effects of NAFTA on things such as employment, produce, and transportation, as well as many other things concerning NAFTA and whether or not it is beneficial.
During the investigation of this paper, it was discovered that the full effects of NAFTA cannot properly be seen for almost another ten years. Because of this, we can conclude that although Perot was correct in saying that jobs would be pulled from the United States, he assumed that this would be a negative effect. This may not be the case. Positive effects can result from these negative effects.
The North American Free Trade Agreement: Did the "Giant Sucking Sound" Occur As Predicted?.
In 1993, when the North American Free Trade Agreement, better known as NAFTA, was in the process of being approved by President Clinton there was a great debate over whether this agreement would help or hinder the United States. This debate continues today, nearly six years after the agreement began. .
Ross Perot, one of the biggest opponents of NAFTA, is known for telling people that NAFTA would create "a giant sucking sound" as it sucked jobs and money out of the United States. This paper is an investigation into such claims to determine whether the outcome has happened as opponents of NAFTA predicted or whether NAFTA's advocates were correct when stressing the benefits of the agreement. .
The North American Free Trade Agreement took effect on January 1,1994, and in the current year of 1999, NAFTA has been in effect for over five years.