Mexico, the United States and Canada agreed to the North American Free Trade Agreement (NAFTA), which will create the largest free trade zone in the world. Union will be based on three-year-old free trade agreement between the U.S. and Canada. Proponents argue that NAFTA is a "win-win-win" situation, but his detractors argue that it will lead to a reduction of wages, creating unemployment and create environmental problems. NAFTA ratification was easily challenged the election of President Bill Clinton in the U.S. and the resignation of Prime Minister Brian Mulroney in Canada. "Hide
by Helen Shapiro, Phyllis Dininio Source: Harvard Business School 30 pages. Publication Date: May 6, 1992. Prod. #: 792049-PDF-ENG