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Afta NAFTA
The US decision to pull out of the Trans-Pacific Partnership trade deal, it was inevitable that the North American Free Trade Agreement would have to be re-opened. The Obama Administration had anticipated that the TPP would have modernized the 24-year old continental trade pact. Given the size of the borders, the uneven development, (GDP per capita from the IMF 2017, US $59.5k, Canada $45.1k, and Mexico $9.3k), and the respective endowments (labor, resources, and capital), one can imagine the basis of all sorts of tensions. Yet the economic integration of such a disparate continent, through trade, tourism, worker ... (full story)