Question

proponents of NAFTA argued that free trade areas provide dynamic, creation of new industries, economies of scale, and static trade creation. illustrate?

Answer 1

NAFTA is more comprehensive in its scope and was implemented by the the North American agreement for environmental cooperation and the North American agreement for labour cooperation. NAFTA is well known as the North American free trade agreement it is a free trade agreement among Canada USA and Mexico. Proponents of nafta are always talking about its benefits and how it is useful for partner countries.
Supporter of nafta argued that free trade area provide dynamic creation of new industries because they will known that it increase economic growth, helps in lowering prices of goods and services, creating jobs, increase in foreign direct investment and reducing government spending.

Due to free trade in NAFTA at lowest access and barriers to entry and increases business opportunities. Protections are put into trade agreements as an effort to protect local businesses. When these protections are removed the result tend to favour the consumer because more consumption from global entities can occur at the local level.

It helps in creation of new industries economic of scale and static trade creation because resources transfer to the best possible people and organisation due to to free trade in NAFTA.the people who are the best at what they do will have the most opportunities to success in an environment of free trade. It also means anyone can change their spare and achieve their dreams because of the desire to work with those who are the best. Companies follow this principle by being able to develop or access new technologies are better best practices to help local economic growth. Because of these benefits there are possibility of positive development off partner countries.