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It discusses the U.S. policy context in 2002, including President George W. Bush’s “fast track” authority and congressional approval or rejection of trade agreements. It also presents South Dakota and U.S. business highlights with key indicators like income, employment, and 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role does NAFTA play in the document’s discussion of regional trade blocs?","Question",{"text":112,"@type":113},"NAFTA is presented as central to western hemisphere trade integration efforts in the 1990s, formed in 1994 and involving the United States, Canada, and Mexico.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What is described as the “fast track” authority in the 2002 U.S. context?",{"text":117,"@type":113},"The document states that a trade promotion authority bill (formerly called “fast track” authority) allows Congress to approve or reject a trade agreement formed by the U.S. government and foreign governments.",{"name":119,"@type":110,"acceptedAnswer":120},"Which economic indicators are used in the tables for South Dakota and the United States?",{"text":121,"@type":113},"The document lists indicators such as personal income, farm property income, non-ag employment, unemployment rate, and total employment, alongside quarter and year latest values and percent 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Activity………………3  \nSoUTH DAKOTA  \nBusinessReview  \nDecember 2002,Vol.LXI,No.II  \nPublished by Business Research Bureau◆University of South Dakota  \n\n|  |  | South Dakota   | United States   |\n| --- | --- | --- | --- |\n| Latest  \u003Cbr>Quarter  \u003Cbr>General Indicators   |  | Year  \u003Cbr>Latest  \u003Cbr>Percent  \u003Cbr>Change  \u003Cbr>Ago  \u003Cbr>Quarter   | Percent  \u003Cbr>Year  \u003Cbr>Latest  \u003Cbr>Ago  \u003Cbr>Quarter  \u003Cbr>Change   |\n| Personal Income($Mil.)  \u003Cbr>Farm Prop.Income(S Mil.)  \u003Cbr>Non-ag Employment (Thous.)  \u003Cbr>Unemployment Rate (%)  \u003Cbr>Total Employment(Thous.)   | 2002-2  \u003Cbr>2002-2  \u003Cbr>2002-3  \u003Cbr>2002-3  \u003Cbr>2002-3   | 5.2  \u003Cbr>20,093  \u003Cbr>21,130  \u003Cbr>7.9  \u003Cbr>698  \u003Cbr>753  \u003Cbr>381  \u003Cbr>-0.3  \u003Cbr>382  \u003Cbr>2.7  \u003Cbr>3.4  \u003Cbr>2.0  \u003Cbr>392  \u003Cbr>400   | 2.7  \u003Cbr>8,669,921  \u003Cbr>8,904,969  \u003Cbr>-63.5  \u003Cbr>20,593  \u003Cbr>7,510  \u003Cbr>-0.8  \u003Cbr>131,943  \u003Cbr>130,868  \u003Cbr>4.8  \u003Cbr>5.7  \u003Cbr>-0.2  \u003Cbr>134,839  \u003Cbr>134,568   |\n| Note:All U.S.data seasonally adjusted.  \u003Cbr>For South Dakota,all data is seasonally adjusted except for non-ag employment.   |  |  |  |\n\n\n| ambitious plan for a massive trade bloc extending  \u003Cbr>Impact of NAFTA on U.S.Trade with  \u003Cbr>from Alaska to Argentina.  \u003Cbr>Latin American Countries  \u003Cbr>In August of 2002,U.S.President George W.Bush  \u003Cbr>signed a trade promotion authority bill (formerly called  \u003Cbr>By Bijayananda Naik  \u003Cbr>\"fast track\"authority)which allows congress either to  \u003Cbr>approve or to reject a trade agreement formed by the  \u003Cbr>1.Introduction  \u003Cbr>U.S.government and one or more foreign  \u003Cbr>Creation of regional trade blocs has become central to  \u003Cbr>governments,but does not allow amending the  \u003Cbr>the economic development in the western hemisphere  \u003Cbr>agreement.This bill is seen as an essential incentive  \u003Cbr>during the last decade.Chief among these regional  \u003Cbr>for the countries of the western hemisphere to  \u003Cbr>trade integration efforts during the 1990s are NAFTA  \u003Cbr>(North American Free Trade Agreement)formed in  \u003Cbr>favorably consider any U.S.initiative for further  \u003Cbr>1994with the USA,Canada,and Mexico as members  \u003Cbr>hemispheric trade integration.In his radio address to  \u003Cbr>in North America,Mercosur(Common Market of the  \u003Cbr>the nation in March 2002,President Bush proclaimed  \u003Cbr>Southern Cone)formed in 1991 with Argentina,Brazil,  \u003Cbr>\"The NAFTA trade agreement is a model for the  \u003Cbr>Paraguay,and Uruguay as members in South  \u003Cbr>worid.\"At its inception in 1994,future expansion of  \u003Cbr>NAFTA was perceived as a logical step toward further  \u003Cbr>America,and the proposed FTAA(Free Trade Area of  \u003Cbr>hemispheric trade integration(Bernal,1994).Bernal  \u003Cbr>the Americas)anticipated to form in 2005 with an  \u003Cbr>Continued on page   |\n| --- |\n\n                          S  \nState Data Center News-2002 Economic Census……………7Local Indicators and Consumer Price Index………………………9South Dakota income and Employment Tables………10South Dakota Agricultural Indicators………………    ……11Definitions of Economic indicators………………  ………12  \n\n| BUSINESS RESEARCH BUREAU  \u003Cbr>SoUTH DAKOTA BuSINESS REVIEW  \u003Cbr>Wade Druin,interim Director of Professional Services &  \u003Cbr>State Director,Small Business Development Center  \u003Cbr>Vol.LXI,No.II December 2002  \u003Cbr>Randall M.Stuefen,Associate Director &Director of Research  \u003Cbr>Nancy Nelson,Interim Director of Finances&  \u003Cbr>Program Manager,S.D.State DataCenter  \u003Cbr>Carole Cochran,Project Coordinator,Kids Count  \u003Cbr>Published by  \u003Cbr>Kareen Dougherty,Program Manager,CODES  \u003Cbr>Business Research Bureau  \u003Cbr>Timothy Shumaker,Director of Facilities &Senior Programmer Analyst  \u003Cbr>School of Business  \u003Cbr>Beth Adamson,Executive Director,Family Business Initiative  \u003Cbr>Linda Burcham,Senior Secretary.FBI  \u003Cbr>University of South Dakota  \u003Cbr>Nancy Kniffen Craig,Information Officer  \u003Cbr>Vermillion,SD 57069  \u003Cbr>Thelma Lind,Office Supervisor  \u003Cbr>605-677-528","cbCaifIbLMzAsxC7","https://ap.wps.com/l/cbCaifIbLMzAsxC7","pdf",3462358,13,"English","# Business Highlights\n# South Dakota Business and Economic Activity","[{\"question\":\"What role does NAFTA play in the document’s discussion of regional trade blocs?\",\"answer\":\"NAFTA is presented as central to western hemisphere trade integration efforts in the 1990s, formed in 1994 and involving the United States, Canada, and Mexico.\"},{\"question\":\"What is described as the “fast track” authority in the 2002 U.S. context?\",\"answer\":\"The document states that a trade promotion authority bill (formerly called “fast track” authority) allows Congress to approve or reject a trade agreement formed by the U.S. government and foreign governments.\"},{\"question\":\"Which economic indicators are used in the tables for South Dakota and the United States?\",\"answer\":\"The document lists indicators such as personal income, farm property income, non-ag employment, unemployment rate, and total employment, alongside quarter and year latest values and percent changes.\"}]","Impact of NAFTA on U.S. Trade with Latin American Countries - Introduction | PDF",1791867960,33]