Exercises

Answer the following questions
  • What happened to U.S. employment after the North American Free Trade Agreement took effect and the World Trade Organization was created until 2000?
  • What is the “fast track” trade negotiating authority?
  • What caused U.S. trade deficit with Canada and Mexico to increase fourfold between 1993 and 2000?
  • What did the U.S. dollar appreciation lead to?
  • Why would fast track and new trade deals not be able to increase exports and jobs?
  • When evaluating the impact of an international trade agreement on the domestic economic, what should one do?
  • Why would trade agreements and economic globalization cause wages to go down?
  • What was the motive behind NAFTA and the WTO?
  • What features did the states have where job losses were the heaviest?
  • How did U.S. foreign direct investment contribute to the job losses in the United States?
  • How many of Mexico's exports flew into the United States in 2000?
  • Why will the appreciation of a country's currency stimulate the foreign direct investment of that country?
  • What is value-added tax?
Translate the following sentences into English.
  • 他把这份报告分发给所有出席会议的人,促请他们阅读并理解消化其内容。
  • 消除贸易赤字的一个有效方法就是鼓励企业开发新产品、降低生产成本,从而提高竞争力。
  • 虽然这个协议已经双方签字,但要等到明年一月才生效。
  • 计算机科学的学位提供了升迁到这个部门主任的捷径。
  • 那次事故对他来说真是代价高昂,因为他为此丢掉了体面的工作。
  • 虽然他们是家新成立的公司,而且很小,但是他们干得不错,度过了这次衰退。
  • 她父母制止了她想辞职、当一名自由作家的计划。
  • 当妇女做同样的工作时,有什么理由支付给她们较低的工资?
  • 在经济陷入衰退时,企业很难阻止利润的下滑。
  • 在记者要求她提供更多细节的时候,那个女发言人实在是说不出很多的东西。
  • 如果你想有所成就的话,你就得努力工作。
  • 务必把钱投资于那些有着良好业绩的公司。
Translate the following two paragraphs into Chinese.

Explosive growth in the real value of agricultural trade within the NAFTA region (intra-NAFTA trade) also points to greater market integration in agriculture due to the free trade agreements.

Between 1987-88 and 2000-01, agricultural trade among the United States, Canada and Mexico increased 155 per-cent, surging from $11.2 billion to $28.6 billion in real (1989-91) terms. Data used in this analysis are derived from the Comtrade system of the United Nations. Of particular significance is that intra-regional export market shares grew faster than exports supplied by the United States, Canada and Mexico to countries outside NAFTA.

Clearly, North America has become an increasingly important market for U.S. agricultural exporters. Canada is now the largest importer of U.S. agricultural goods, displacing Japan in 2002. Mexico surpassed the EU as an export market for U.S. agriculture two years earlier.