NAFTA Renegotiation: Economic Analysis

This assignment delves into the complex economic ramifications of renegotiating the North American Free Trade Agreement (NAFTA). It requires students to analyze the potential effects on trade flows, investment patterns, and national welfare. Students should draw upon established trade theories, such as comparative advantage and Heckscher-Ohlin theory, to construct their arguments. Furthermore, empirical evidence from past trade agreements and NAFTA's history will be crucial in supporting their analysis.