Monday, December 23, 2019

The World s Largest Trading Trade Agreement ( Nafta ) Essay

( I ) The USA as Unipolar state : The US after the Cold War, became the unipolar power in the world. The unipolar system possesses only one great power with no competition. If a competitor emerges, the system can no longer be called unipolar. With the end of the Cold War, US emerged as the Unipolar superpower which also ended the traditional â€Å"East vs West’’ conflict. The longest economic expansion in modern U.S. history was seen after the cold war, in the 1990s. Originating in US defense networks, the internet spread to the public which greatly impacted the global economy, society, and culture. In the beginning of 1994, the US participated in the world’s largest trading bloc in the North American Free Trade Agreement (NAFTA), linking 450 million people producing $17 trillion worth of goods and services. Since NAFTA came into effect, the North American economy has more than doubled in size. The combined gross domestic product (GDP) for Canada, the United States, and Mexico surpassed US$17 tr illion in 2008, up from US$7.6 trillion in 1993. The structure of power in the international system determines the role of institutions. NATO, for example, is often cited as an institution that has outlived its original mandate—preventing a Soviet onslaught of Western Europe. NATO’s continued existence conveniently â€Å"illustrates how international institutions are created and maintained by stronger states (e.g., the United States) to serve their perceived and misperceived interests.†Show MoreRelatedThe North American Free Trade Agreement. One Of The Major1307 Words   |  6 Pages The North American Free Trade Agreement One of the major keys to having two or more parties successfully trade and invest with each other is the ability to make agreements peacefully and come to similar terms. 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