ECO 615 CIU Regional trade agreements Paper

Description

Access the following web site with the easiest to access U.S. trade data. See http://tse.export.gov for their Trade Stats Express page. Data also provided for state exports.

(Everything you might want to know about these data series, and then some, is available on the Census Bureaus Website in their Foreign Trade section. See http://www.census.gov/foreign-trade/guide/sec2.html for a complete description of data, collection methods, measurement issues, and other background information.)

Please find at least one journal article in the LIRN about free trade agreements and use it to support your position when you respond to questions 5 and 6 below.

Use the APA template attached

Using the Trade Stats Express page, write a 4-5 page paper (1200 – 1500 or more words) in APA format in response to the following questions:

What are the leading U.S. exports and imports in terms of value?

Which trading partners are most important to the United States? This can be measured in terms of total exports, total imports, or total exports plus imports.

Which countries have the largest trade deficits and trade surpluses with the United States?

Find the trading statistics for the U.S. and Canada, and the U.S. and Mexico.

When the United States signed a free-trade agreement with Canada (1989), no one thought twice about it. When the agreement with Mexico was signed (1994), there was significant opposition. Use the concepts of interindustry and intra-industry trade to explain the differences in opposition to the two trade agreements.

Given the current trading statistics of U.S. trade with Canada and Mexico, does the opposition to the agreements seem justified?

Below is a recommended outline.

Cover page

Introduction

A thesis statement
Purpose of paper
Overview of paper
Body (Cite sources using in-text citations.
Explain what the leading US exports and imports are in terms of value
Discuss which trading partners are most important to the US

Discuss which countries have the largest trade deficits and trade surpluses with the US

Conclusion Summary of main points (from the body)

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