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Barrett, The Honors College at Arizona State University proudly showcases the work of undergraduate honors students by sharing this collection exclusively with the ASU community.

Barrett accepts high performing, academically engaged undergraduate students and works with them in collaboration with all of the other academic units at Arizona State University. All Barrett students complete a thesis or creative project which is an opportunity to explore an intellectual interest and produce an original piece of scholarly research. The thesis or creative project is supervised and defended in front of a faculty committee. Students are able to engage with professors who are nationally recognized in their fields and committed to working with honors students. Completing a Barrett thesis or creative project is an opportunity for undergraduate honors students to contribute to the ASU academic community in a meaningful way.

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The Greatest Consumer: Long Term Economic Effects of the North American Free Trade Agreement on the United States Domestic Industry

Description
This thesis analyzes the effects of the United States involvement in its first, and longest, multilateral free trade agreement with its two largest neighbor nations: The North American Free Trade Agreement. The research question which is explored and analyzed here is: How has the North American Free Trade Agreement affected…

This thesis analyzes the effects of the United States involvement in its first, and longest, multilateral free trade agreement with its two largest neighbor nations: The North American Free Trade Agreement. The research question which is explored and analyzed here is: How has the North American Free Trade Agreement affected the United States domestic industry and if the United States should involve itself in this type of agreement? With the United States shift from isolationist and protectionist practices it came to accept globalist economic policies, such as free trade. However, as the world's largest consumer the acceptance and implementation of these free trade policies has led to economic harm. This is shown through the historical data of trade between the countries involved in the North American Free Trade Agreement and it is found that there are significant harmful effects on the United State as a result of this agreement. Specifically, the United States heavy loss of domestic industry and loss of income. The United States involvement in the North American Free Trade Agreement is described and analyzed using the logic models of classical and neoclassical trade theories. It is found that these trade theories' inappropriate application could explain the United States involvement in the North American Free Trade Agreement. Finally, using the ideas of classical and neoclassical trade theories it is determined that the best option for the United States to rebuild its domestic industry is to participate in protectionist and isolationist policies.
Keywords: The North American Free Trade Agreement, NAFTA, Classical Trade Theory, Neoclassical Trade Theory, United States Domestic Industry, Domestic Industry, Consumer Nation, Producer Nation, Comparative Advantage, Supply and Demand, Trade Deficit, Protectionism, Globalism
ContributorsBenado Smasch, James Antanaychis (Co-author) / Benado Smasch, James A. (Co-author) / Oliver, Jerry (Thesis director) / Ron, Amit (Committee member) / School of Social and Behavioral Sciences (Contributor) / School of Public Affairs (Contributor, Contributor) / Barrett, The Honors College (Contributor)
Created2020-05