HappySqurriel said:
When the Canadian dollar was worth $0.65 US you could argue that cheap labour was causing the jobs to be outsourced ...Now that the Canadian dollar is worth more than the American dollar the reason Jobs/companies are still moving to Canada is that we have a more business friendly environment due to lower corporate taxes, more streamlined and effective regulation, and less corruption in the government. Beyond this, I find it very interesting that after (about) 10 years criticism of NAFTA has almost dissappeared because there had been such dramatic economic growth with relatively low inflation that even the most critical opponents had to admit that free trade worked; and now, after a "Made in the USA" financial crisis has hurt the economy around the world Americans blame NAFTA and not their incompetent regulators, corrupt government, criminal banks and greedy neighbours for the poor economic conditions. |
I agree with you, NAFTA allows United States businesses to benefit Canada and hurt America. Nafta allows Canada to maintain a competitive advantage over United States businesses. Where I ask is a bulk of this dramatic economic growth taking place? Seems to me that Canada (Not the United States) has been the biggest benefactor of NAFTA.
America is at fault for many reasons for their current position and could actually learn from Canada quite a bit. However, Canada was able to put themselves in that position while piggy backing off of America and taking advantage of their businesses.







