Six Woolrich plants closed between 1990 and 1995. Keith Srakocic / AP Not all of the dire predictions about the North American Free Trade Agreement (NAFTA) turned out to be true, but Ross Perot, who expected a “giant sucking sound going south,” was right—in part. Companies did move jobs to Mexico after the trade agreement went into force in 1994.
How The Trans-pacific Partnership Threatens America's Recent Manufacturing Resurgence
Alana Semuels, The Atlantic: Business
Thu, 10/08/2015 - 8:07am
Topics: woolrich keith srakocic ap not north american free trade agreement nafta ross perot robert e economic policy institute u.s u.s nafta&mdash u.s america&rsquo u.s pacific rim trans-pacific partnership u.s u.s u.s u.s u.s otis elevator harry moser reshoring initiative knowledge@wharton ldquo;with ldquo;that hopp michigan&rsquo ross school business tpp ldquo;at manufacturing jobs thousands source bureau labor statistics the japan vietnam u.s u.s hillary clinton pbs newhour u.s asia from black workers really do need be twice good what makes d.c.&rsquo universal leave plan so special can americans keep up with buying technology ldquo;expanded alan greenspan ben bernanke u.s u.s u.s u.s art schwartz gm economics associates united auto workers&mdash whirlpool u.s michigan,&rdquo u.s u.s tennessee south u.s nafta american mexico scott u.s china tpp congress carolina united states nafta tpp malaysia new resurgence companies goods tariffs economists it’s deal countries operations currency create foreign automakers u.s.-made plants products include increase million time moving manipulation wages moved domestic easier suffer trickle percent sound intellectual small compete competing closed lead difficult doesn’t big agreements pact potential place overseas property including rules control move costs losers investment sucking ldquo;giant direct cheaper ldquo;the production
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