North America 2005 CE
The NAFTA trade agreement is benefitting the economies of all North American countries.
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What is happening in North America in 2005CE
Increased North American integration
The past few decades have seen North American living standards, already the highest in the world, continue to climb. The signing of NAFTA (the North American Free Trade Agreement, signed 1994) has welded Canada, the USA and Mexico more closely into one pan-continental economic area. Canadian and US economic integration, already strong, has been enhanced still further, and the presence of Mexico within the agreement has provided a major boost to that country’s prosperity. Other less welcome links between these countries have been apparent in the illegal drugs trade, which has undermined law and order in significant portions Mexico and caused immense misery there, and the increasing flows of migration, much of it illegal.
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