North American Free Trade Agreement Are There Jobs for American Workers Hea
North American Free Trade Agreement Are There Jobs for American Workers Hea
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To quickly assess the difficulty of the text, read a short excerpt:
Now Lester Thorow points out in his book — and I assume that you are familiar with "Head to Head" — it has been very widely read — that we are in a global economy. In fact, in 1991 when the United States had its highest investment in Mexico, according to this book that Jeff Schott and Gary Hufbauer have put out, it was about $11. 6 billion. That represented only 2 percent of the total U. S. World investment.
So we are looking at a very small, finite amount of investment. My understanding of you...r testimony is that this 2 percent invest- ment, while it may grow, it is not going to grow to 50 percent of our worldwide; that this 2 percent of this investment is going to have abnormally or unusual impact on the total employment base in this country.
It seems to me that it would be difficult to accept that as a given, undisputed fact because the pure numbers are that if we spent $450 billion in global investments in 1991 and only 2 percent is in Mexico, we are probably going to continue to make global invest- ments regardless of what happens with NAFTA, and it is not going to have that much of a dollar-for-dollar input, as you have sug- gested.
What to read after North American Free Trade Agreement Are There Jobs for American Workers Hea?
You can find similar books in the "Read Also" column, or choose other free books by Housing United States Congress House Committee On Gover to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Now Lester Thorow points out in his book — and I assume that you are familiar with "Head to Head" — it has been very widely read — that we are in a global economy. In fact, in 1991 when the United States had its highest investment in Mexico, according to this book that Jeff Schott and Gary Hufbauer have put out, it was about $11. 6 billion. That represented only 2 percent of the total U. S. World investment.
So we are looking at a very small, finite amount of investment. My understanding of you...r testimony is that this 2 percent invest- ment, while it may grow, it is not going to grow to 50 percent of our worldwide; that this 2 percent of this investment is going to have abnormally or unusual impact on the total employment base in this country.
It seems to me that it would be difficult to accept that as a given, undisputed fact because the pure numbers are that if we spent $450 billion in global investments in 1991 and only 2 percent is in Mexico, we are probably going to continue to make global invest- ments regardless of what happens with NAFTA, and it is not going to have that much of a dollar-for-dollar input, as you have sug- gested.
What to read after North American Free Trade Agreement Are There Jobs for American Workers Hea?
You can find similar books in the "Read Also" column, or choose other free books by Housing United States Congress House Committee On Gover to read onlineMoreLess
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