Whether NAFTA helped the U.S. economy is a matter of some debate. Certainly, trade between the United States and its North American neighbors more than tripled, from roughly $290 billion in 1993 to more than $1.1 trillion in 2016. Cross-border investments also surged, and U.S. GDP overall rose slightly.
"NAFTA has had an overwhelmingly positive effect on the Canadian economy. It has opened up new export opportunities, acted as a stimulus to build internationally competitive businesses, and helped attract significant foreign investment," states the Canadian government's website.
When the transactions in an economy are not heavily based on the money notes, coins or any other physical form of money but are aided by the use of credit cards, debit cards and prepaid payment instruments, such an economy is called cashless economy.
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