Export processing zone: a zone offering favorable tax, labor, and lax regulation to entice foreign corporations.

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Presentation transcript:

Export processing zone: a zone offering favorable tax, labor, and lax regulation to entice foreign corporations.

Special economic zones

Shenzhen, China before

Shenzhen, China after

Islands of development such as Shenzhen create unequal wealth.

Maquiladora

NAFTA removes trade barriers such as tariffs between Mexico, US, and Canada, if effect making Mexico one large Maquiladora.

What are some differences between NAFTA and EU?

Trade has grown since NAFTA

Analyze benefits and costs to both Mexico and US as a result of NAFTA.

Although the Union Carbide factory in Bhopal has long since shuttered, the site has not been properly cleaned or dismantled; toxic chemicals continue to leak into the population’s water supply. The Indian government estimates that the Bhopal disaster has been responsible for as many as 15,000 deaths to date.