Connect The Dots... - Global Trade Magazine
  May 9th, 2014 | Written by

Connect The Dots…

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This marks the 20th anniversary of the North American Free Trade Agreement, whose long-term effectiveness and/or damage is still being debated…

 

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Then presidential candidate H. Ross Perot said in 1992 that the “giant sucking sound” would be manufacturing jobs relocating to Mexico because of NAFTA…

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Perot was relocated on Forbes magazine’s latest list of richest Americans, released this March. Perot, who ranked 134th in 2012, fell to 446th despite his estimated wealth having remained at $3.5 billion…

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In 20 years since NAFTA, the marketplace has become increasingly global-which makes it alarming that, according to the Center for Applied Linguistics, only 10 percent of native born American speak a second language…

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In Europe, 53 percent of students have mastered at least one language other than their native tongue…

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On the plus side, the U.S., which lags behind nearly every other industrial nation in language instruction, saw a doubling of American college students studying Chinese languages…

 

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Though China is known for its prodigious brick-and-mortar manufacturing sector, six of the 10 richest Chinese, according to Forbes, made their money in either real esate or Internet ventures…

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Some Canadians are concerned that South Korea’s second-richest man, Chung Mong Koo ($6.8 billion), chairman of Hyundai, will increase his wealth significantly once a pending free-trade deal between the two countries goes into effect…

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With their country’s 6.1 percent tariff on car imports removed, Canadians are worried the market will produce a flood of Hyundai and Kias and, perhaps, a giant sucking sound…