Home » OPINION » Columns » MBJ Editorial
NAFTA turns 10

MBJ Editorial

A decade since the January 1994 implementation of the North American Free Trade Agreement, known now simply by its acronym – NAFTA, the agreement between Canada, the United State and Mexico has had an impact on Mississippi that is undeniable.

Jobs – thousands of them – have been lost to Latin America, and plenty more have moved on to Asia. Communities have seen unemployment soar. Companies are gone. Lives have changed in unexpected ways.

Welcome to the global economy.

Of course, there`s always a flip side. Exports are up. New markets are opening. Different opportunities have come along. And consumers are big winners.

As barriers and borders between nation-states, trade and individuals break down, we can expect even more dramatic changes as we work out the details of interconnectedness – the good and the bad.

The march of globalization is a complex process, and treaties like NAFTA and GATT (or FTAA and CAFTA), for better or worse, represent the brave new world that every business must adapt to – or perish.

Our money is on the skill, persistence and tenacity of the American entrepreneur and the ever-freer markets of the world.

So, happy birthday, NAFTA, and now? Let`s get back to work.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Staff Writer

Leave a Reply

Your email address will not be published. Required fields are marked *

*