Free-trade provides opportunities for globalization and economic growth in both developed and developing countries. It is free from government regulation, interference, and taxation, and this makes it an ideal driving force for economic growth and stable global markets. Factors such as global transport, communication, and liberal governments have greatly contributed to the opening up of new opportunities for the expansion of free trade (Mansfield and Milner 165). One of these opportunities has been provided by the North American Free Trade Agreement (NAFTA), a trilateral free trade agreement between America, Mexico, and Canada. Established in 1994, the agreement was a pre-conceived effort to promote the concept of free trade which was still not globally accepted at the time. Contrary to popular belief, free-trade does not slow down economic growth in some of the participating nations. If well executed, it has the potential to boost the level of economic growth for all participants.
