Association Of Southeast Asian Nations Essay Examples - Only The Best to Spark Your Inspiration!

Introduction

In the contemporary world, the rise of travel and tourism industries has shown a tremendous resilience, which has been among the main contributors to the growth of hotels real estate in various countries. Thailand is among the countries that have been significantly affected by the geopolitical tensions and economic instability. In 2008, Thailand experience violent clashes that resulted in approximately 9 percent decline in average tourist spending. This also resulted in the closure of the international airports, which consequently decreased tourists and investors' confidence. However, over the past few years, the country has experienced tremendous growth in the tourism ...

Trade increases the economic growth and GDP of a country and also fosters great relationships between countries. Over the years there has been the formation of regional trading blocs to enhance trade among neighboring countries. They have been successful however there are challenges that have to be continually addressed.

North America Free Trade Area (NAFTA)

NAFTA refers to the North America Free Trade Area that brings together the countries of Canada, Mexico and the United States. The trilateral trade area came into force in 1994 when President Bill Clinton signed on the agreement. The agreement called for the phasing out of the tarriffs that existed among ...