seen the purpose for creating the regional block in that free trade occurs based on the free trade we can remove the trade barrier and reduce tariffs. In that we have taken NAFTA they are three countries United states, Canada, Mexico compare to other regional bloc but they are having more powerful economic. Because of the NAFTA US can easily import the food product to Canada and Mexico. And we can also see that US is increasing the FDI in banking insurances and manufacturing likewise Mexico is attracted
trade agreement that is well known in called NAFTA (North American Free Trade Agreement). It all began after “the end of the Cold War-However it ran a high trade deficit with economic powers- A trade deficit occurs when the value of country’s imports exceeds the value of its exports” (Hart 778), and high paying jobs are offered. During the “early 1990s, President George H. W. Bush began to work for passage of the North American Free Trade Agreement (NAFTA)” (Hart 778). On January 1, 1994 was the free
Free Trade Agreement (NAFTA) In 1991 and 1992, the governments of the United States, Canada, and Mexico sought an agreement that would reduce, and ultimately remove, all barriers to the free flow of goods, services, and production between the three countries. This regional economic integration agreement would go into effect and became law on January 1, 1994 and became known as the North American Free Trade Agreement or NAFTA for short (Hill, 2013). The main components of the NAFTA agreement included
the United States. As a result of this, the creation of maquiladoras or maquilas in Mexico started to be an important change in the border by the 1960s. Like everything, the introduction of maquiladoras in Mexico has its pros and cons for both sides of the border. Nonetheless, cons are more notorious on the Mexican side of the border. After a series of peso devaluation, Mexican labor appeared to be
country in three major areas. These areas include social, cultural and economic. This paper will shade some light into how globalization is having an effect on all of the three disciplines in relation to UAE. The effects will be classified into pros and cons. This paper is aims to
become more severe in a recent future. Following the trend of the United States and the European countries, immigration from other countries with younger and growing population is considered to be the solution for those countries. Diversity’s pros and cons However, diversity can bring both advantages and disadvantages. At the enterprise level, “diversity leads to more out-of-the box thinking; yet, it also creates contention and disunity” (Manzoni, Strebel, & Barsoux, 2010). People who are optimistic
other goods. But the international investment treaties and national investment laws have a different concept of investment. There is no particular definition of ‘investment’ as it has been defined in different ways under different treaties. Under NAFTA reads: investment means: (a) an enterprise; (b)
Mexico and Monaco have two almost opposite cultures. The Mexican culture is most known for putting a lot of emphasis on relationships, while Monaco’s is based on luxury and status. Mexicans value family as the utmost importance. To Mexicans, extended family is just as important as immediate family. They are also thought to be laid back, and usually are never on time. They previously incorporated naps into their daily schedule, commonly known as siestas, however this is more a thing of the past as