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Words: | Submitted: Mon Jun 19 2006
... elimination of investment barriers has allowed investment to expand. Increased trading and investment has then created many jobs, raised the Gross Domestic Product, and lowered consumer prices. NAFTA has also increased intellectual property rights and allowed companies to obtain patents in Mexico and Canada. In the past, companies were hesitant to export research and development intensive goods; with increased intellectual property protection, however, exports of these goods have shown a definite increase. As a result of better trading conditions, exports and imports of most other goods have increased along with the research and development intensive goods. The North American Free Trade Agreement (NAFTA) provides guidance for the analysis of international trade issues, because it addresses new issues concerning employment and environmental protection. While these provisions are included in NAFTA for their trade implications, they in effect encompass ethical concerns that belong in corporate codes of ethics. Some of ...
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