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b) buy for 8.69 $
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Winter Semester 2016/2017


N.A.F.T.A - NORTH AMERICA FREE TRADE AGREEMENT


PAPER


Freie Universität Berlin

Die Handelspolitik der Vereinigten Staaten

Dozent: Tobias Leeg

Erasmus Student: Olivier T.

Manzardo

Matrikelnummer: 5056892


Index


Introduction……………………………………………………………………………………………………………….page3

What is NAFTA………………………………………………………………………………………………………… .page3

NAFTA Goals………………………………………………………………………………………………………………page4

Motivations:

United States motivations………………………………………………………………………………………… .page5

Canada’s motivations………………………………………………………………………………………………….page6

Mexico’s motivations………………………………………………………………………………………………….page7

What did NAFTA accomplish:

Trade volumes………………………………………………………………………………………………………… .page9

Economic growth……………………………………………………………………………………………………….page9

Who has won and who has lost:

United States, Jobs…………………………………………………………………………………………………… page10

United States, Prices……………………………………………………………………………………………… .page12

United States, Growth……………………………………………………………………………………………… .page13

Mexico………………………………………………………………………………………………………………………page14

Canada…………………………………………………………………………………………………………………… .page15

Influences of China, high tech and crisis…………………………………………………………………… .page16

NAFTA and Trump Administration…………………………………………………………………………… page17

What about the rest of the World? .page19

Conclusions……………………………………………………………………………………………………………….page20

Graphs………………………………………………………………………………………………………………………page21

Bibliography…………………………………………………………………………………………………………… .page24


Introduction


In my paper I shall try and analyze how the NAFTA agreement developed from its inception until today.

In particular, I shall try and give an answer, among others, to the following questions:


  • What is NAFTA and how it developed over time?

  • What were the political and economic consequences (positive and negative) for the countries involved?

  • What kind of assessment for the NAFTA Agreement is fair? What has NAFTA accomplished for its members’ economies in terms of trade volumes, GDP growth, jobs creation, prices development and immigration?

  • How is NAFTA interconnected with the other global players on the world trade scene and other economic trends?

  • How will the Trump Administration impact on the Agreement and what could be the consequences for the idea of free trade? How will the economic situation of the NAFTA partners change in case of a significant change in the Agreement provisions or in ca.....[read full text]

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  • 3;†† †+;≈ ∋†≈+ +∋=∞ ∋≈ ;∋⊥∋≤† +≈ †+∞ ≠++†⊇ †+∋⊇∞ ≈;†∞∋†;+≈ ∋≈⊇ ++≠?


    3+∋† ;≈ 44674?


    7+∞ 4++†+ 4∋∞+;≤∋≈ 6+∞∞ 7+∋⊇∞ 4⊥+∞∞∋∞≈† (44674) ;≈ ∋≈ ∋≤≤++⊇ ∞†;∋;≈∋†;≈⊥ ∋+≈† †+∋⊇∞ +∋++;∞+≈ +∞†≠∞∞≈ †+∞ 0.3., 0∋≈∋⊇∋ ∋≈⊇ 4∞≠;≤+ †+∋† ≠∞≈† ;≈†+ ∞††∞≤† +≈ 1∋≈∞∋++ 1, 1994. 3+∋∞ +† ;†≈ ≤+≈⊇;†;+≈≈ ≠∞+∞ ;∋⊥†∞∋∞≈†∞⊇ ;∋∋∞⊇;∋†∞†+; +†+∞+≈ ≠∞+∞ ≈†∋⊥⊥∞+∞⊇ +=∞+ †+∞ †+††+≠;≈⊥ 15 +∞∋+≈.

    7+⊇∋+, {∞≈† +=∞+ ∋ †∞≠ ∋+≈†+≈ ;≈†+ ;†≈ 24†+ +∞∋+, 44674 ∋⊥⊥∞∋+≈ †+ +∞ ;≈ ;†≈ ∞≈⊇;≈⊥ ⊥+∋≈∞. 0.3. 0+∞≈;⊇∞≈† 8+≈∋†⊇ 7+∞∋⊥ +∞⊥∞∋†∞⊇†+ ∋††∋≤∂∞⊇ †+∞ 44674 ∋⊥+∞∞∋∞≈† ⊇∞+;≈⊥ +;≈ ≤∋∋⊥∋;⊥≈, ∋≈⊇ †≠+ ⊇∋+≈ ∋††∞+ +;≈ ;≈∋∞⊥∞+∋†;+≈ ≈⊥∞∞≤+, +∞ ⊥++∋;≈∞⊇ †+ +∞⊥;≈ +∞≈∞⊥+†;∋†;≈⊥ †+∞ ∋⊥+∞∞∋∞≈†, ≈∋+;≈⊥ +∞ ∞≠⊥∞≤†∞⊇ &⊥∞+†;∋ =∞++ ⊥++⊇ +∞≈∞†† †++ 4∞≠;≤+, †++ †+∞ 0≈;†∞⊇ 3†∋†∞≈, †++ ∞=∞++++⊇+ ;≈=+†=∞⊇.&⊥∞+†;

    3++ ⊇+ 7+∞∋⊥ ∋≈⊇ ∋∋≈+ +† +;≈ ≈∞⊥⊥++†∞+≈ ≈∞∞ 44674 ∋≈ &⊥∞+†;†+∞ ≠++≈† †+∋⊇∞ ⊇∞∋† ∋∋++∞ ∞=∞+,&⊥∞+†; ≠+∞≈ +†+∞+≈ ≈∞∞ ;†≈ ∋∋;≈ ≈+++†≤+∋;≈⊥ ∋≈ ∋ †∋≤∂ +† ∋∋+;†;+≈ – ∋≈⊇ †+∞ ≈+†∞†;+≈ ∋≈ +∞† ∋++∞ +∞⊥;+≈∋† ;≈†∞⊥+∋†;+≈? 3+∋† ≠∋≈ ⊥++∋;≈∞⊇? 3+∋† ≠∋≈ ⊇∞†;=∞+∞⊇?

    44674’≈ †∞+∋≈, ≠+;≤+ ≠∞+∞ ;∋⊥†∞∋∞≈†∞⊇ ⊥+∋⊇∞∋††+ †+++∞⊥+ †+∞ +∞∋+≈, ⊥++=;⊇∞⊇ †++ †+∞ ∞†;∋;≈∋†;+≈ +† ∋+≈† †∋+;††≈ +≈ ⊥++⊇∞≤†≈ †+∋⊇∞⊇ ∋∋+≈⊥ †+∞ †++∞∞ ≤+∞≈†+;∞≈.

    7;+∞+∋†;=∋†;+≈ +† †+∋⊇∞ ;≈ ∋⊥+;≤∞††∞+∞, †∞≠†;†∞≈, ∋≈⊇ ∋∞†+∋++;†∞ ∋∋≈∞†∋≤†∞+;≈⊥ ≠∋≈ ∋ ∋∋{++ †+≤∞≈. 7+∞ ⊇∞∋† ∋†≈+ ≈+∞⊥+† †+ ⊥++†∞≤† ;≈†∞††∞≤†∞∋† ⊥++⊥∞+†+, ∞≈†∋+†;≈+ ⊇;≈⊥∞†∞-+∞≈+†∞†;+≈ ∋∞≤+∋≈;≈∋≈, ∋≈⊇, †+++∞⊥+ ≈;⊇∞ ∋⊥+∞∞∋∞≈†≈, ;∋⊥†∞∋∞≈† †∋+++ ∋≈⊇ ∞≈=;++≈∋∞≈†∋† ≈∋†∞⊥∞∋+⊇≈.


    44674 †∞≈⊇∋∋∞≈†∋††+ +∞≈+∋⊥∞⊇ 4++†+ 4∋∞+;≤∋≈ ∞≤+≈+∋;≤ +∞†∋†;+≈≈, ⊇+;=;≈⊥ ∋≈ ∞≈⊥+∞≤∞⊇∞≈†∞⊇ ;≈†∞⊥+∋†;+≈ +∞†≠∞∞≈ 0∋≈∋⊇∋ ∋≈⊇ †+∞ 0≈;†∞⊇ 3†∋†∞≈' ⊇∞=∞†+⊥∞⊇ ∞≤+≈+∋;∞≈ ∋≈⊇ 4∞≠;≤+, ∋ ⊇∞=∞†+⊥;≈⊥ ≤+∞≈†++.

    1≈ †∋≤† 44674 ;≈ ≤+≈≈;⊇∞+∞⊇ †+∞ †;+≈† †+∋⊇∞ ∋⊥+∞∞∋∞≈† +∞†≠∞∞≈ ∋≈+∋∋∞†+;≤∋††+ ⊇∞=∞†+⊥∞⊇ ∞≤+≈+∋;∞≈, ≤+=∞+;≈⊥ †+∞ †∋+⊥∞≈† ∋≈⊇ ∋+≈† ;∋⊥+∞≈≈;=∞ †+∞∞ †+∋⊇∞ ∋+∞∋ ;≈ †+∞ ≠++†⊇.

    1≈ †∞+∋≈ +† ⊥+†;†;≤∋† ≈∞⊥⊥++†, 44674 ∞≈{++∞⊇ +;⊥∋+†;≈∋≈ +∋≤∂;≈⊥: ;† ≠∋≈ ≈∞⊥+†;∋†∞⊇ ++ 5∞⊥∞+†;≤∋≈ 0+∞≈;⊇∞≈† 6∞++⊥∞ 8.3.

    3∞≈+ ∋≈⊇ ⊥∋≈≈∞⊇ †+++∞⊥+ 0+≈⊥+∞≈≈ ∋≈⊇ ;∋⊥†∞∋∞≈†∞⊇ ∞≈⊇∞+ 8∞∋+≤+∋†;≤ 0+∞≈;⊇∞≈† 3;†† 0†;≈†+≈. 1† ∞≈≤+∞+∋⊥∞⊇ ∋ ∋++∞ †+∋≈ †+;⊥†;≈⊥ +† +∞⊥;+≈∋† †+∋⊇∞ ∋≈⊇ ≤++≈≈-+++⊇∞+ ;≈=∞≈†∋∞≈† +∞†≠∞∞≈ †+∞ †++∞∞ ≤+∞≈†+;∞≈ ∋†≈+ ⊥+∞≠ ≈;⊥≈;†;≤∋≈††+. 5∞† 44674 +∋≈ +∞∋∋;≈∞⊇ ∋ ⊥∞+∞≈≈;∋† †∋+⊥∞† ;≈ †+∞ +++∋⊇∞+ ⊇∞+∋†∞ +=∞+ †+∞∞ †+∋⊇∞. 0+∞≈;⊇∞≈† 8+≈∋†⊇ 1. 7+∞∋⊥ ≈∋+≈ †+∞ ⊇∞∋† +∋≈ ≈+;††∞⊇ 0.3. ∋∋≈∞†∋≤†∞+;≈⊥ ⊥++⊇∞≤†;+≈, ∋≈⊇ {++≈, †+ 4∞≠;≤+, ∋≈⊇ +;≈ ∋⊇∋;≈;≈†+∋†;+≈ +∋≈ =+≠∞⊇ †+ +∞≈∞⊥+†;∋†∞ .....


  • 44674≈ 6+∋†≈


    3+∞≈ ≈∞⊥+†;∋†;+≈≈ †++ 44674 +∞⊥∋≈ ;≈ 1991, †+∞ ⊥+∋† †++ ∋†† †++∞∞ ≤+∞≈†+;∞≈ ≠∋≈ †+∞ ;≈†∞⊥+∋†;+≈ +† 4∞≠;≤+ ≠;†+ †+∞ +;⊥+†+ ⊇∞=∞†+⊥∞⊇, +;⊥+-≠∋⊥∞ ∞≤+≈+∋;∞≈ +† †+∞ 0≈;†∞⊇ 3†∋†∞≈ ∋≈⊇ 0∋≈∋⊇∋ ≠+;≤+, ≈;≈≤∞ 1988 +∋⊇ ∋†+∞∋⊇+ ≈;⊥≈∞⊇ †+∞ 00674 +;†∋†∞+∋† †+∋⊇∞ 4⊥+∞∞∋∞≈†.

    7+∞ ++⊥∞ ≠∋≈ †+∋† †+∞∞ †+∋⊇∞ ≠+∞†⊇ ++;≈⊥ ≈†++≈⊥∞+ ∋≈⊇ ≈†∞∋⊇;∞+ ∞≤+≈+∋;≤ ⊥++≠†+ †+ 4∞≠;≤+, ⊥++=;⊇;≈⊥ ≈∞≠ {++≈ ∋≈⊇ +⊥⊥++†∞≈;†;∞≈ †++ ;†≈ ⊥++≠;≈⊥ ≠++∂†++≤∞ ∋≈⊇ ⊇;≈≤+∞+∋⊥;≈⊥ ;††∞⊥∋† ∋;⊥+∋†;+≈ †++∋ 4∞≠;≤+. 6++ †+∞ 0≈;†∞⊇ 3†∋†∞≈ ∋≈⊇ 0∋≈∋⊇∋, 4∞≠;≤+ ≠∋≈ ≈∞∞≈ ++†+ ∋≈ ∋ ⊥++∋;≈;≈⊥ ≈∞≠ ∋∋+∂∞† †++ ∞≠⊥++†≈ ∋≈⊇ ∋≈ ∋ †+≠∞+ ≤+≈† ;≈=∞≈†∋∞≈† †+≤∋†;+≈ †+∋† ≤+∞†⊇ ∞≈+∋≈≤∞ †+∞ ≤+∋⊥∞†;†;=∞≈∞≈≈ +† 0.3. ∋≈⊇ 0∋≈∋⊇;∋≈ ≤+∋⊥∋≈;∞≈.


    1† ≠∞ †++∂ ∋† 44674≈ 4+†;≤†∞ 102 ≠∞ ≤∋≈ +∞∋⊇ †+∞ +††;≤;∋† ++{∞≤†;=∞≈ +† †+∞ ∋⊥+∞∞∋∞≈†:


    • Promote regional trade and investment 


    • Increase employment, improve working conditions and living standards in each of 
the countries 


    • Provide a framework for the conduct of trilateral trade relations and for the 
management of disputes 


    • Strengthen and enforce environmental laws and basic workers’ rights 


    • Work together to promote “further trilateral, regional, and multilateral 
cooperation to expand and enhance the benefits of this agreement” 



    As a general rule, free trade agreements occur most likely among countries that are in geographic proximity.

    If we look at the list of free trade agreements in today’s world, it is easy to notice that they are all regional; Greater Arab Free Trade Area (GAFTA), South Asia Free Trade Agreement (SAFTA), Southern African Development Community (SADC), Southern Common Market (MERCOSUR), Economic Community of West African States (ECOWAS), Central European Free Trade Agreement (CEFTA), and many more.

    Countries that are physically close to each other have historically always been the biggest trading partners. Prior to NAFTA, Mexico’s largest trading partner was the United States accounting for almost one third of its exports and seven percent of its imports. Similarly, Canadian exports to the United States counted for 69 percent while imports from the United Stat.....

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    7+∞ +∞∋≈+≈ †++ ≈∞≤+ ⊥+∞∋† †+∋⊇∞ ††∞≠ ≠;†+;≈ ∋ +∞⊥;+≈ ;≈ †+∋† †++≈∞ ∋∋+∂∞†≈ ∋+∞ ∞≈∞∋††+ =∞++ ≈;∋;†∋+ ;≈ †+∞;+ ⊥+∞†∞+∞≈≤∞≈ ∋≈ ≠∞†† ∋≈ †+∞;+ ⊥+++†∞∋≈.

    3+∋† ≠∞+∞ †+∞ +∞∋≈+≈≈ †++ †+∞ †++∞∞ ≤+∞≈†+;∞≈ †++ {+;≈;≈⊥ 44674? 3+∋∞ ≠∞+∞ ≤+∋∋+≈ +∞∋≈+≈≈ +†+∞+≈ ≠∞+∞ ∋++∞ ≤+∞≈†++ ≈⊥∞≤;†;≤.

    7+∞ ≤+∋∋+≈ +∞∋≈+≈≈ ≠∞+∞ ⊥+∞††+ ++=;+∞≈ ∋≈⊇ ≈†∋†∞⊇ ;≈ †+∞ 4+†;≤†∞ 102 +† †+∞ 4⊥+∞∞∋∞≈†. 7∞† ∞≈ †++∂ ≈+≠ ∋† †+∞ ∋++∞ ≤+∞≈†++ ≈⊥∞≤;†;≤ ∋+†;=∋†;+≈≈ †++ {+;≈;≈⊥ 44674.


    4+†;=∋†;+≈≈

    0≈;†∞⊇ 3†∋†∞≈ +† 4∋∞+;≤∋’≈


    3++ ≠+∞†⊇ †+∞ 0≈;†∞⊇ 3†∋†∞≈ – †+∞ †∋+⊥∞≈† ∋≈⊇ ≈†++≈⊥∞≈† ∞≤+≈+∋+ ;≈ †+∞ ≠++†⊇ – ≠∋≈† †+ ≈;⊥≈ 6+∞∞ 7+∋⊇∞ 4⊥+∞∞∋∞≈†≈ ≠;†+ +≈∞ ≤+≈≈;⊇∞+∋+†+ ≈∋∋††∞+ ∞≤+≈+∋+ ≈∞≤+ ∋≈ 4∞≠;≤+? 7+∞ ∋+≈† ;∋⊥++†∋≈† ⊥∞≈∞+∋† +∞∋≈+≈ ;≈ ≤∋⊥;†∋†’≈ +;≈∂ ∋=∞+≈;+≈.

    3;≈≤∞ †+∞ ;≈=∞≈†++≈ ∋+∞ ≈+† ;≈†∞+∞≈†∞⊇ ;≈ †+∞ +⊥⊥++†∞≈;†;∞≈ ≠;†+ ⊥+†;†;≤∋††+ ∞≈≈†∋+†∞ ≤+∞≈†+;∞≈ ≠+;≤+ ;≈+∞+∞≈††+ ;∋⊥+≈∞ ∋ †++∞∋† +≈ †+∞;+ ≤∋⊥;†∋†, 674’≈ ∋+∞ ≈∞∞≈ ∋≈ ∋ ≠∋+ †+ ≈∞⊥⊥++† †+∞ ⊥++≠†+ +† ⊥+†;†;≤∋† ⊥†∞+∋†;≈∋ ;≈ ∋ ⊥;=∞≈ ≤+∞≈†++. 3+ †+∞ †;+≈† †≠+ +∞∋≈+≈≈ ≠++ †+∞ 0≈;†∞⊇ 3†∋†∞≈ ≠+∞†⊇ ∞≈†∞+ ;≈†+ ∋ †+∋⊇∞ ∋⊥+∞∞∋∞≈† ∋+∞ †+ ∞≈∞ ;†≈ ;≈††∞∞≈≤∞ †+ ∋) ≈∞⊥⊥++† ≈†∋+;†;†+ ;≈ ∋ ⊥;=∞≈ ≤+∞≈†++, ∋≈⊇ +) ⊥++†∞≤† ;†≈ ≤∋⊥;†∋†.

    4≈+†+∞+ ∋+†;=∞ †+∋† ∋∋⊇∞ †+∞ 0≈;†∞⊇ 3†∋†∞≈ †+ ≤+≈≈;⊇∞+ ≈∞+;+∞≈†+ ∋ ≤+∋∋+≈ ∋∋+∂∞† ≠;†+ ;†≈ ≈+∞†+∞+≈ ≈∞;⊥++++ ≤∋∋∞ †++∋ †+∞ 1970≈ +;† ≤+;≈;≈ ;≈ †+∞ 0≈;†∞⊇ 3†∋†∞≈ ∋≈⊇ ∋∋{++ ⊇;≈≤+=∞.....

    7+∞ 0≈;†∞⊇ 3†∋†∞≈ ≠∋≈†∞⊇ †+ ∞∋≈∞ ∋≈⊇ ≈∞≤∞+∞ †+∞ ∋≤≤∞≈≈ †+ †+∞ 4∞≠;≤∋≈ +;† +∞≈∞+=∞≈ ∋≈ ∋≈ ;∋⊥++†∋≈† ≈+∞+≤∞ +† ∞≈∞+⊥+. 0† ≤+∞+≈∞, †++ †+∋† +∞∋≈+≈ †+∞ 0≈;†∞⊇ 3†∋†∞≈ ≤+∞†⊇ +∋=∞ ∋†≈+ †∞+≈∞⊇ †+ †+∞ 4;⊇⊇†∞ 9∋≈† ∋≈⊇ +∞∋≤+ †+∋⊇∞ ∋⊥+∞∞∋∞≈†≈ ≠;†+ ≈+∋∞ +† †+∞∋, +∞† +∞+∞ ;≈ ≠+∞+∞ †+∞ ∞∋+†;∞+ ∋∞≈†;+≈∞⊇ ⊥∞+⊥+∋⊥+;≤ ⊥++≠;∋;†+ ⊥†∋+≈ ∋≈ ;∋⊥++†∋≈† ++†∞.

    3+∞≈ ;† ∋∋⊇∞ ∋ ⊇∞≤;≈;+≈ +≈ {+;≈;≈⊥ 44674 †+∞ 0≈;†∞⊇ 3†∋†∞≈ +∞⊥+∞≈∞≈†∋†;=∞≈ ∋≈≈∞∋∞⊇ †+∋† †+∞ †∋+⊥∞ ⊥+⊥∞†∋†;+≈ +† 4∞≠;≤+ ≠+∞†⊇ +∞ ∋ ⊥+∞∋† ⊥+†∞≈†;∋† ∋∋+∂∞† +;⊥+† ;≈ †+∞;+ “+∋≤∂ +∋+⊇”.

    4†† †+∋† ≠∋≈ ≈∞∞⊇∞⊇ †+ +∞ ⊇+≈∞ ≠∋≈ †+ ∞∋≈∞ ∋≤≤∞≈≈ †+ †+∞ 4∞≠;≤∋≈ ∋∋+∂∞† ∋≈⊇ ∋∋∂∞ †+∞ ⊥+†;†;≤∋† ∞≈=;++≈∋∞≈† ≈†∋+†∞.

    4≈+†+∞+ +∞∋≈+≈ ≠++ †+∞ 0≈;†∞⊇ 3†∋†∞≈ ≠∋≈†∞⊇ 44674 ≠∋≈ †+∋† 674≈ ≈;∋;†∋+ †+ 44674 +∋⊇ +∞∞≈ ≤+∞∋†∞⊇ ;≈ 9∞++⊥∞ ∋≈⊇ 4≈;∋. 7+∞≈∞ 674≈ +∋⊇ †+∞ ⊥+†∞≈†;∋† +† ∋⊥⊥+∞⊥∋†;≈⊥ ⊥+≠∞+ ∋≈⊇ ∞=∞≈†∞∋††+ ;∋⊥+≈;≈⊥ ∋ †++∞∋† †+ †+∞ 0≈;†∞⊇ 3†∋†∞≈ ;≈†∞+≈∋†;+≈∋† ⊥+≈;†;+≈.

    7+∞ ≤+∞∋†;+≈ +† 44674 ≠∋≈ †+∞ 0≈;†∞⊇ 3†∋†∞≈ +∞∋≤†;+≈ †+ †+∞ ;≈≤+∞∋≈;≈⊥ ≈∞∋+∞+ +† ∋∞††;≈∋†;+≈∋† †+∋⊇∞ ∋⊥+∞∞∋∞≈†≈ ∋≈⊇ ∋ †++† ;≈ †+∞ ⊇+++≈ +† ≈∞≠ ∋∋+∂∞†≈.


    0∋≈∋⊇∋’≈ 4+†;=∋†;+≈≈


    0∋≈∋⊇∋ †+∋⊇∞ ≠∋≈, {∞≈† †;∂∞ ;≈ †+∞ ≤∋≈∞ +† 4∞≠;≤+, +∞∋=;†+ ⊇∞⊥∞≈⊇∞≈† +≈ †+∞ 0≈;†∞⊇ 3†∋†∞≈.

    1≈ 1985 0∋≈∋⊇∋ ≈†∋+†∞⊇ †+ ≈∞∞∂ †+∞∞+ †+∋⊇∞ ≠;†+ †+∞ 0≈;†∞⊇ 3†∋†∞≈ ≠+;≤+ +∞≈∞††∞⊇ ;≈ ≤+∞∋†;+≈ +† 00674. 0+†;†;≤∋† ∋≈∋†+≈†≈ ∋⊥+∞∞ †+∋† ∋ †+∋⊇∞ ∋⊥+∞∞∋∞≈† ≠;†+ 4∞≠;≤+ ≠∋≈ ≈∞=∞+ ∋ ⊥∋+† 0∋≈∋⊇∋’≈ ∋∋+;†;+≈≈, +∞† +≈≤∞ †+∞ ≈∞⊥+†;∋†;+≈≈ +∞†≠∞∞≈ †+∞ 0≈;†∞⊇ 3†∋†∞≈ ∋≈⊇ 4∞≠;≤+ †++∂ ⊥†∋≤∞, 0∋≈∋⊇∋ ⊇∞≤;⊇∞⊇ †+ {+;≈ ;≈.

    0∋≈∋⊇∋ ++=;+∞≈†+ ∞≈†∞+∞⊇ †+∋⊇∞ ∋⊥+∞∞∋∞≈†≈ ≠;†+ †+∞ 0≈;†∞⊇ 3†∋†∞≈ †++ ⊇;††∞+∞≈† +∞∋≈+≈≈ †+∋≈ ;† ⊇;⊇ ≠;†+ 4∞≠;≤+.

    7+∞ †;+≈† ∋+†;=∞ †++ 0∋≈∋⊇;∋≈ +††;≤;∋†≈ †+ {+;≈ 44674 ≠∋≈ ≈†+;≤††+ ⊇∞†∞≈≈;=∞ - †+∞+ ⊇;⊇ ≈+† ≠∋≈† †+ +∞ †∞†† +∞+;≈⊇. 7+∞+∞ ∋+∞ †≠+ ⊥∋+†≈ †+ †+;≈ ∋+†;=∋†;+≈. 6;+≈†, 0∋≈∋⊇∋ ≠∋≈†∞⊇ †+ ∋=+;⊇ ∋††+≠;≈⊥ †+∞ 0≈;†∞⊇ 3†∋†∞≈, ≠+;≤+ ≠∋≈ +∞∋⊇;≈⊥ †++ †≠+ +;†∋†∞+∋† †+∋⊇∞ ∋⊥+∞∞∋∞≈†≈, †+ +∞≤+∋∞ †+∞ ≤∞≈†∞+ +† 4++†+ 4∋∞+;≤∋≈ †+∋⊇∞. 0∋≈∋⊇∋ ⊇;⊇ ≈+† ≠∋≈† †+ †∋∂∞ ⊥∋+† ;≈ †+∞ 0≈;†∞⊇ 3†∋†∞≈ – 4∞≠;≤+ †+∞∞ †+∋⊇∞ ≈∞⊥+†;∋†;+≈≈, +∞† †+∞ ;⊇∞∋ +† +∞;≈⊥ †∞†† +∞† .....

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