Why Is Ross Perot Wrong
In “Ross Perot was wrong” it states Ross Perot warned that Nafta would create a “giant sucking sound,” draining millions of jobs from the American heartland. But between 1994 and 2000, the American economy created 2 million jobs annually.
Perot’s fears shared by Nafta critics boiled down to simple mercantilism: “exports good, imports bad.” In fact, for every country, both exports and imports are good. Exports create better-paying jobs, as the country specializes in producing the things it makes best. Imports give buyers more choice at lower cost, and they stimulate competing domestic firms to improve their game. Nafta was not about the net creation or destruction of U.S. jobs; it was about better jobs and lower costs. On account of Nafta, jobs
Perot’s fears shared by Nafta critics boiled down to simple mercantilism: “exports good, imports bad.” In fact, for every country, both exports and imports are good. Exports create better-paying jobs, as the country specializes in producing the things it makes best. Imports give buyers more choice at lower cost, and they stimulate competing domestic firms to improve their game. Nafta was not about the net creation or destruction of U.S. jobs; it was about better jobs and lower costs. On account of Nafta, jobs