Economics, Econometrics and Finance
5 years ago

NAFTA Shifts Trade Dynamics, Reducing Global Tariffs and Boosting Regional Economies

Cambridge University Press eBooks
A General Equilibrium Analysis of North American Economic Integration
David W. Roland-Hoist, Kenneth A. Reinert, Clinton R. Shiells

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The article discusses how trade agreements like NAFTA are becoming more common worldwide. These agreements focus on trade between neighboring countries instead of involving many nations. The researchers found that while global trade has increased thanks to agreements like GATT, some issues like trade in agricultural and textile products remain challenging to negotiate.