In the 10 years after NAFTA's enactment, from 1994 to 2004 the growth of the united states was growth was faster than in the decade preceding it.
What is NAFTA?
- A trilateral economic bloc in North America was established when Canada, Mexico, and the United States signed the North American Free Trade Agreement.
- The 1988 Canada-United States Free Trade Agreement between the two countries was replaced by the new agreement when it went into effect on January 1st, 1994.
- By gross domestic product, the NAFTA trade bloc was one of the biggest in the world.
- Ronald Reagan, the current president of the United States, gave the notion of a North American free trade zone its initial push during his 1980 presidential campaign.
- The administrations of George H. W. Bush, Carlos Salinas de Gortari, and Brian Mulroney decided to negotiate what would become NAFTA after the Canada-United States Free Trade Agreement was ratified in 1988.
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Question:
In the 10 years after NAFTA's enactment, from 1994 to 2004 the growth of the united states was growth was (slower/faster) than in the decade preceding it.