Taste for NAFTA sours – Ohio alone lost a net 50,000 jobs as a result of NAFTA, according to a 2006 analysis

Four campaign seasons have come and gone since presidential hopeful H. Ross Perot warned that NAFTA would create a ”giant sucking sound” of jobs going to Mexico, and the trade pact is still generating plenty of noise. Calls to renegotiate the 14-year-old deal are rising from both sides of the border.

Thousands of protesters paralyzed traffic in Mexico’s capital in January to demand a redo of the pact, which they said had hurt Mexican farmers. In the United States, the North American Free Trade Agreement has loomed large in states such as Ohio, which last week hosted a crucial presidential primary.

The Rust Belt has shed hundreds of thousands of factory jobs since 1994, when the U.S.-Canada-Mexico trade bloc was implemented. Ohio alone lost a net 50,000 jobs as a result of NAFTA, according to a 2006 analysis by the Economic Policy Institute in Washington, and 250,000 factory jobs in all since 1994. “*

*From: www.sltrib.com/
Traducido: usando Google o Altavista/Babel Fish

Leave a Reply