NAFTA, implemented in 1994, significantly impacted Latin America by increasing trade flows, particularly between the U.S., Canada, and Mexico, which led to economic growth in the region. However, it also resulted in job losses in certain sectors, particularly agriculture, as cheaper imports flooded local markets. Additionally, while it stimulated foreign investment, the benefits were uneven, often exacerbating income inequality. Overall, NAFTA reshaped economic dynamics in Latin America, with both positive and negative consequences.
Why are factories being built in latin America by foreign countries.
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yes NAFTA did happen
NAFTA (:
It was signed on November of 1993 and went into effect since January 1st, 1994. It however, was a treaty among Mexico, the United States and Canada. Therefore, the only country within Latin America that was affected by NAFTA is Mexico.
Mexioc
Only Mexico qualifies as such.
In 1994. It however, was not applied to all of Latin America but just to Mexico. NAFTA means North American Free Trade Agreement, which was signed and enforced by Canada, the United States and Mexico.
false =)
They remained widely seperated.
It doesn't affect Latin America beyond the country of Mexico, which is the only country from that region that is part of such trade agreement. It affects Mexico by providing better access to both Canada and the United States as markets for export.
Immigrants from Latin America were not restricted by this act.
No. Membership to NAFTA includes only countries in North America.
NAFTA is an acronym for North American Free Trade Agreement. Spain is not part of North America and not a member of NAFTA.
The Economic Boom Has changed them
It could be: NAFTA - North American Free Trade Agreement with US and Canada North America - the southern tip of NA, to be precise. The Americas The Western Hemisphere The Northern Hemisphere Latin America