Essays on Free Trade Agreement

The trade and investment relationship between Australia and China demolishes the theory of comparative advantage. According to Adam Smith and Ricardo, it makes sense for a country to focus on the production of goods and services it can do efficiently and purchase goods and services it produces less efficiently from other countries. When this theory is applied to the trade relationship between Australia, a rich country and China, a poor country, we arrive at a paradoxical outcome. The introduction of a free trade regime resulting in Australia-China trading relationship implies that Australian consumers will pay lower prices for imported ...

Considering the fact that majority of the potential customers in the world are geographically distributed outside the US market, a significant factor to consider in the expansion to the global markets is the advancement of favorable trade agreements. North American Free Trade Agreement is a regional trade agreement that seeks to facilitate the free flow of goods, services, and labor as well as to improve political relations of the US, Mexico, and Canada (Villareal & Fergusson, 2015). NAFTA offers a number of advantages for US small businesses. For a small business seeking to expand into the global market, the establishment ...

Question #1

If the Board of Schmeckt Gut will convince the Government of Industria to make a free trade agreement with Atollia, there will be no tariffs. According to the regression equation, we have estimated in Module 4, the coefficient of tariffs is negative. Hence, if tariffs are applied, this leads to a decrease in the demand of our energy bars. Without tariffs, the demand will be increased. Since the demand will be increased, the supplier should increase the volume of production. This, in turn, leads to an increase in Schmeckt Gut’s labor demand, as it needs more employees to ...

Recent years have seen significant changes in the economies of both Mexico and Chile. Given this, it can be useful to examine the current economic situation in Mexico and Chile, comparing the two. While many people in the United States might tend to think of these two nations as being identical in nature because of the fact that they have Hispanic cultures and the Spanish language, there are in fact many differences. For example, Mexico since the late 1990s has been able to benefit from the existence of NAFTA (the North American Free Trade Agreement). This has allowed it ...

Question 1: What is the North American Free Trade Agreement? Has this trade agreement impacted (positively or negatively) the United States and more specifically the state of Georgia? Provide specific examples and a rationale for your response. The North American Free Trade Agreement (NAFTA) was a document used to create a trilateral trade bloc. Canada, Mexico, and the U.S. joined together, effective January 1, 1994, to for a free trade area that unified North America (Alexander, 1993). The NAFTA agreement was designed to create a “comprehensive structure” for trade and for investment among the three principle North American powers, ...

International Business & Global Logistics

International Business & Global Logistics This paper deals with the North American Free Trade Agreement, such notions as state capitalism and guarded globalization, functioning of the multinational corporations and the major cultural dimensions.

The North American Free Trade Agreement, established in 1994, created free trade zones that are the largest in the world. The North American Free Trade Agreement was aimed at economic growth of such countries as Mexico, the United States of America and Canada. After the agreement came into effect, the wealth of families, workers, manufacturers and thus the prosperity of countries has been increased greatly (“North American ...

Business Exam

Unlike business organizations, profit is not the main purpose of the non-profit organization. Non-profit organizations have the right to engage in entrepreneurial activity and they can make a profit, but this can be only a minor activity and it only serves to achieve the objectives for which this organization was created. Non-profit organizations may be created in order to achieve social, charitable, cultural, educational, scientific and management purposes, and for other purposes, aimed at achieving the public good. A non-profit organization can be created as a public organization, a fund, an autonomous non-profit organization, non-profit partnership, institution, association. The ...

Macroeconomics: The State of U.S. Trade Policies and the GDP

Introduction

According to a report published in the Washington Post said" 20 years ago globalization was pitched as a strategy that would raise all boats in poor and rich countries alike. In the U.S. and Europe consumers have their pick of inexpensive items made by people thousands of miles away whose pay was much lower than theirs. And in time trade barriers would drop to support even more multinationals expansion and economic gains while geo political cooperation would flourish"( Collins,2015). This statement clearly implies that globalization is beneficial for ...

Introduction:

Outsourcing is a cost saving practice in which one company provides different goods and services to another company. It is used by different companies to transfer some portions of work to outside suppliers instead of completing it internally. It describes the strategic use of outside resources to perform organization's internal activities. It help the companies to get more skills and expertise from outside suppliers. Outsourcing is an act of acquiring products or services from an outside company that is known as vendor or supplier. The history of outsourcing is embedded with a history of the growth of modern technology ...

Paper Name

LOS ANGELES TIMES Free Trade Areas of the Americas (FTAA), is the elimination of trade barriers and uniting all free economies member countries. The member countries include Antigua & Barbuda, Argentina, Bahamas, Barbados, Belize, Bolivia, Brazil, Canada, Colombia, Chile, Costa Rica, Dominica, Dominican Republic, Ecuador, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, St. Kitts and Nevis, St. Lucia, St. Vincent & The Grenadines, Suriname, Trinidad & Tobago, United States, Uruguay, and Venezuela (Barlow, 2001). The free trade areas were established to cater for the in the lower class in the society. The free trade area will ...

Vehicles and Auto Parts Exportation to Canada

Vehicles and Auto Parts Exportation to Canada

Introduction

The products to be exported are vehicles and auto parts. They are being exported to Canada. A large percentage of imports in Canada come from the automotive imports originating from the United States. Canada spends an estimated 19 billion dollars on importing automotive from the United States (Transport Canada, 2016). Also, three quarters of the cars being used in Canada are imported from the United States. It means that Canada has a large market for the automotives. A larger percentage of the companies in the automotive industry comprise of assembling firms. The ...

NAFTA refers to a trade agreement that has been signed by Canada, Mexico, and the United States. This created a trilateral trade relationship between the three nations. The deal came to effect on January 1, 1994, and over passed the earlier Canada-United States Free Trade Agreement. The agreement was as a result of intense negotiations between the three countries, and later each country needed to get it approved and ratified by the respective parliament. The trade agreement shaped the business relationship between the three nations and positively impacted the lives of the respective residents. While NAFTA agreement targeted towards ...

China and South Korea signed a bilateral free trade agreement on 1 June in the year 2015, and the major aim of the trade is to eliminate around 90% of import tariffs, which will substantially boost trade between those regions. The trade between those two regions always had quite big volumes. The discussions about the agreement began in the year 2012, when the China-South Korea trade constituted around $215 billion. The expectations state that with the signing of this free trade agreement, the trade will significantly increase and the volumes will exceed $300 billion. This agreement includes various spheres ...

I. Introduction A. Opening Remarks: For centuries, countries have been working on having easy access to foreign markets for a variety of reasons. B. Thesis Statement: Although the NAFTA presented positive changes to the economies of all signatories, the labor market suffered in some areas of the United States and Mexico due to the changing labor demand in the market and the lack of opportunities for the rural folk. II. Background of the NAFTA A. History: Economic integration has long been an issue discussed by North American governments since the 1900s. B. Aims: Under the NAFTA, each signatory will ...

Introduction

The economy of Japan has seen a downturn with the economic crisis in the year 2008. Every country has been faced with the consequences that resulted in different impacts. The paper will present the economic indicators and overall economic situations in the Japan. The background of the country’s economic policies will be present, with international and regional trade agreements. The focus will be on presenting the specific economic data along with the definitions and interpretations. Further on, the current state of the country’s economy will be examined in the light of trade, fiscal and monetary policy.

Background on the country and recent economic policies

Japan ...

- Why research is important in identifying international markets

Research in identifying international markets is important as it enables the organization not only to design the right product, but also to employ the most effective marketing strategy for maximum returns.

- Research techniques and tools that can be used in international market research

- Use of a team from multicultural environment and sites is important in ensuring that the research object is understood in the different geographical regions

- Qualitative research techniques

- Videotaping of consumers who are in the process of purchase or consumption ...

Introduction

A free trade area has been used to describe the regional market that eliminates most, if not all, trade barriers between the trading partners such as quotas, barriers, and preferences on the flow of the services and goods traded between the member countries (Plante, 2004). Nevertheless, in the free trade areas, members negotiate trade agreements separately with the countries that are not members of the free trade area. A customs union on the other hand, refers to the trade agreement where a group of countries charges a common set of tariffs and quotas to external countries. This refers to a higher level ...

What are the underlying problems facing Fiat’s car division?

Fiat is an Italian company with its business once solely concentrated in Italy. After the post war period, Fiat with the help from Italian government became the number one automobile manufacturer in Italy. Fiat enjoyed that position for almost 50 years without any threat from other European players. However, decades of doing business with ease and with the help of Italian government had created operational, strategic and managerial inefficiencies within the company. For almost 5 decades even with its huge success in the Western European market, Fiat never thought of expanding beyond the region. Finally, by the time it ...

Generally agriculture is the backbone of our country’s economy. The economy almost solely depends on our agricultural products which earns us a considerable income after exportation. Our major export earner in the agricultural sector is cotton. Cotton farming is practiced largely across the country and the country’s economy is majorly supported by the growth of this cash crop. It is, therefore, ideal that we proceed with caution and discretion when dealing with matters that relate to the production and sale of our cotton lest we end up destroying our own economy. We have to critically examine and clearly ...

Business

Global Protection Practices Global protection practices vary from each country. Every country has its own reason why it has to implement practices that will protect their local traders, goods, or even jobs. Policies and practices, which governments implement, will also ensure their control over local and international trades, which are being imported and exported by their country.

EU (European Union)

European Union is using one of the common tools in protecting and controlling their trades. EU uses the Tariff on their imported goods. As an advantage, tariff will raise the imported price giving more opportunities for domestic producers to sell goods ...

One of the most successful companies to set up business abroad is the famous shoe and sports apparel manufacturing and marketing company Nike. The Oregon-based company does business in 45 countries, employing nearly a million people, outsourcing products from more than 500 factories worldwide. The company reaps the benefits of this global strategy by the billions, with Nike’s revenues for 2010 reached US$ 19.014 billion and a net income of approximately $2 billion in the same year.

A company of this size and reach would not set up shop in one country in the same manner as it would in ...

Currently, the business is pursuing the unrelated diversification strategy, the products All-terrain recreational vehicles, color televisions, Luggage, and Writing instruments have no direct connections with each other. The company is operating within the US, and the CEO has decided to expand the current business to international market. The CEO also wants to change the corporate strategy; related diversification is the new expected strategy. The decision is satisfactory, but the implementation requires some analysis. As the company produces four unrelated diversified product and it will be difficult for the company to carry on with all of them in the ...

Introduction

The immigration legislation in the U.S. today is the product of decades worth of political wrangling and public anger on both sides of the debate. The immigration debate has gone back and forth between the two political parties in this country to such a degree that there is de facto compromise on the elements of reform, and now all we have to do is implement the reforms that are already in place. The argument has gone back and forth for decades with both Democratic and Republican regimes signing legislation that encourages immigration then opposes immigration. The full circle is here ...

The Ukraine government aims at strengthening the ties between the East and the West promote political stability and enhance better foreign relations. A report analyzing of the role of the government and political leaders was submitted to the Minister of Foreign affairs for effective action. Ukraine has failed to deliver according to the expectations of the citizens since there is a complaint and noticed demonstrations from the public. In this paper, I will provide insight to the political and security association of Ukraine to the European Union and give a detailed analysis of the Association Agreement between the both parties.Political and ...

The relationship between Australia and the United States has been as a result of many factors that cannot be strictly tied to security matters. The associations between America and Australia have taken the shapes of social, economic political, cultural and to some extent, security matters. In essence, the Australian History better highlights these instances. In as far as the political schemes are concerned; the American government and the Australian governments have been working hand in hand in as far as leadership in the regions is faceted. In this case, history denotes that, American Presidents have been paying visits to ...

Order # 318667

Japan is a “land of the rising sun” and is full of mystery for strangers. That’s why in order to start beneficial trade with Japanese, a businessman should be prepared. First of all, let’s speak about trade regulation. On 25 March 2013, the EU and Japan officially launched the negotiations for a Free Trade Agreement. The Free Trade Agreement sets rules for international trade and investments, for example non-tariff barriers, tax exemptions and a national investment regime for foreign investments (Countries and regions: Japan. Trade picture). The singing of this agreement will simplify business process between two regions. This issue ...

Introduction

The First World War or the Great War was a remarkable event in the history of the humanity. It influenced and shaped our modern world to an extent like none else, and the reflections of today’s development traces its route back to the decisions taken during and post-World War I. No one had any idea about the huge armies that would be involved, the amount of ammunition that will be expended, and how many people would die. However, the role of Canada in the war is noteworthy, considering the fact that the nation decided to stand by the Britain’ ...

Introduction

The North American Free Trade Act was signed into law by President Bill Clinton on December 8. 1993. After the signing of the Act, America joined Mexico and Canada into signing the Northern American Free Trade Agreement on January 1, 1994. The basic purpose of this agreement was to reduce trade barriers between the involved nations, therefore, making it easier for the nations to export and import each other’s products. The agreement proposed to reduce tariffs and other barriers that hindered free flowing trade between the United States of America and her neighbors. Some of the fields covered ...

Andean community depicts the regional economic integration of geographically related countries. Such agreements are made to reduce the barriers among the neighbors and to enhance the friendly relations. Ecuador is a part of Andean community but now it is adopting the US currency. Owing to which, Ecuador has to face a number of merits and demerits. The given below is the discussion about what pros and cons do Ecuadorean government has for breaking free trade agreement from the Andean Community. There are a number of economic benefits to the Ecuador government from the free trade agreement of Andean community. Firstly, the ...

INTRODUCTION:

Canada is a friendly country that supports trading activities at its best, which is the reason Canada is recognized as a trading nation. Government of Canada has devoted abundant resources to foster trade within the country, as well as external trade. Moreover, government has carried successful negotiations of diverse trade contracts with different nations. In the intervening time, when government was just focusing on making external trade easy and possible, Canada has lost its strength over trade within the country (Pierce and Branch, 2013). Country continues to get engrossed in many internal trade barriers that created firm obstacles to carry trade ...

Introduction

Neoliberalism is a form of economic liberalism that offers support on free trade, deregulation, privatisation and reduction in government spending with the aim of enhancing the role of private sector in the economy. Privatization focuses on transferring the control of a given economy from public sector to the private sector. The policy does this with the aim of enhancing efficiency of the government, economic growth and development of the nation (Harvey, 2005). It is also an economic policy that focuses on monitoring the flow of the market economy thus playing a role in intensifying and expanding the market. It does this ...

In the article titled” Optimism on GCC-Singapore free trade deal despite lower exchange”, they talk about increased partnership between Singapore and Gulf Coast Countries. Against the background of decreasing trade, they have just signed a free trade agreement. This agreement lowers the tariff for goods prepared in Singapore, and give GCC preferential treatment in latter’s industrial sector. In specific terms, Singapore has inspired Abu Dhabi’s economic development, and latter’s national oil company has upgraded its representative office in Singapore. This is an important development as Singapore is positioning itself as gateway to Asia; and UAE is positioning ...

Essay Questions

- NAFTA and the EU NAFTA (North America Free Trade Agreement) was established on January 1st, 1994 between the United States, Mexico and Canada. All quantitative restrictions and duties were eradicated as planned on January 1, 2008. NAFTA established the largest free trade area of the World that currently links 450 million people producing $ 17 trillion worth of products. On the other hand, EU (European Union) was established in the late 1940s after World War II in an attempt to consolidate the countries of Europe. It is an economic and political union between countries which make its own ...

Aside from political reform and development, the international community has also been busy in creating new means to stimulate growth and economic sustainability. Proposals such as reduced tariff, removal of trade barriers, and the introduction of free trade were pronounced by either developed or developing countries. In Latin America, free trade has been a fundamental aspect of the market reforms carried out in the region; however, the results have varied especially with the onset of globalization and the lingering effects of tariff reduction. Some believe that having trade reform to a growing and a potential economy such as Latin America can sustain ...

The North American Free Trade Agreement (NAFTA) refers to an agreement that was made in the year 1994 between the United States, Canada, and Mexico. It helped in lifting various restrictions that had been imposed on importation and exportation of agricultural products between these three states. The agreement brought about policies that were impacted immediately in accordance to the agreement. However, there were others that took over 15 years to be implemented (Hymson et, al. 226). The provisions provided by the North American Free Trade Agreement (NAFTA) were set in place by 2008 between the North American countries. This ...

In the past two decades, the number of regional trade agreements has been on a sharp rise. Generally, a trade agreement refers to free trade among specified nations in a particular region (Hussain 14). One of the biggest regional free trade agreement is the North American Free Trade Agreement (NAFTA). This trade agreement was started on 1st January 1994 with the aim of linking Canada, the United States and Mexico in an accord that would see trade barriers in this region lifted. The regional agreement that was made between these three member nations has led to an enviable improvement in regard to ...

United States of America and the Republic of Korea

Free Trade Agreement between the United States of America and the Republic of Korea Executive Summary Last March 15, 2013, the United States–Korea Free Trade Agreement (KORUS FTA) celebrated its first year anniversary. As it is with major trade agreements in the world, the anniversary of the KORUS FTA was eclipsed by the many debates on the agreements impacts, benefits, costs, ramifications and potential and protracted negotiations and renegotiations potential. Both the United States and South Korea state that the KORUS FTA is in fact delivering on the projected economic promises, citing the increase in the ...

Introduction

The Comprehensive Economic and Trade Agreement (CETA) is proposal for an agreement between Canada and the European Union in which the two parties would have access to each other’s markets. According to Hübner (2011) the agreement seeks to create a free trade area between Canada and the European Union whereby Canadian exporters would have an unrestricted access to the EU markets. Similarly, traders from EU member countries would have an unrestricted access to markets within the various Canadian provinces. The main objective of this agreement is to create an environment in which the volume of trade between the ...

International trade refers to the exchange of goods and services between two or more countries or states. International trade may also refer to the exchange of capital across international borders. International trade is responsible in regulating the gross domestic product which is very important in a country. The rising trade between countries has been influential in improving the political, economic and social factors in trading nations as they exchange their goods and services. International trade has been in existence for a long time where in the past long distance traders used to exchange goods and services like amber road and silk. ...

1. What was the Hydro-Electric Power Commission of Ontario and when was it established? The Hydro-Electric Power Commission of Ontario is the world’s first publicly-owned electric utility established in 1906 to provide electrification in Ontario. In 1974, it was renamed as Ontario Hydro. 2. What was CNR and during which years was it created? Established in 1923, the Canadian National Railways (CNR) is the largest freight railroad that provides transportation and intermodal service in North America. It is a government-initiated merger of four lines, namely, the Grand Trunk, Grand Trunk Pacific, Canadian Northern and National Transcontinental. ...

North American Free Trade Agreement is a regional trade agreement that was entered by the United States, Canada and Mexico on January 1, 1994, with the aim of bolstering trade relations and volumes in the region. Just like any other free trade area agreement, NAFTA was intended to reduce the business trading costs amongst the three countries for the benefit of the member states. This paper discusses the many advantages and positive aspects that have been brought about by this trading block, and the impact that this free trade agreement has had on the economies and citizenry of the ...

Introduction

When one looks at the North America and Southeast Asia, there are various unique things that these two continents display that create incessant curiosity. An ambitious person will therefore start to explore these two regions and try to come up with something that will quench their inquisitiveness. In this paper, this study will compare and contrast North America and Southeast Asia and particularly look at the cultural differences and similarities of their populations. As the paper will demonstrate, people of these regions exhibit cultures that in some cases are similar and in others different. In both cultures it can ...

Political Science: Globalization and Trade

Impacts of NAFTA on the Member States NAFTA is a free trade agreement that was enacted in the year 1994 and signed by President Bill Clinton. The focus of this agreement is to abolish numerous tariffs that are imposed on products traded among three countries United States, Canada and Mexico (Mary E. Burfisher, Sherman Robinson, and Karen Thierfelder. 2001). In this paper the impact of NAFTA on the member states have been discussed in detail. Some groups advocates that NAFTA is exerting positing influence on its members while the others advocates that it is exerting negative influence on the ...

The United States and Colombia entered into a free trade agreement known as the U.S - Colombia Trade Promotion Agreement, which was signed on November 22, 2006, went into effect on May 5, 2012. The trade agreement eliminated tariffs removed tariffs on more than 80 percent of U.S. exports of industrial and consumer exports to Colombia (Blaha & Anglin 2012). There are plans in place to remove the remaining tariffs in a period of 10 years. The main aim of the agreement is to ensure order in trade and other economic activities. This resulted into elimination of trade barriers that existed between ...

Abstract

Mexico is the world’s 12th largest economy in terms of Gross Domestic Product ($1.657 trillion), growing at an average rate of 3.8% annually. With a 47.7 million labor force, Mexico has GDP per capita of $15, 100 which is the 81st highest in the world. Mexico’s leading industry include food and beverages, tobacco and cigarette production, chemicals, iron and steel manufacturing, petroleum, mining, textiles, clothing, manufacture of motor vehicles, consumer durables, and an active tourism sector. Ninety percent of Mexico’s trade is under free trade agreements with countries from the whole North America, most of Central America, ...

- Introduction The proposed study shall examine the effects of Foreign Direct Investment (FDI) after implementation of the North American Free Trade Agreement in Mexico. The purpose of this paper is to establish the effect of the North American Free Trade Agreement, otherwise known as NAFTA on the foreign direct investments that Mexico has received as an effect of the implementation of the NAFTA. Mexico, along with the United States and Canada, has created a trilateral trade block that came into force on January 1, 1994. The goal of the NAFTA is to promote trade and investments between the ...

Substance Manufacturers,

Sub: Business Environment in Mexico I have researched thoroughly about the Mexican economy and its business environment; all the findings are mentioned in the document including the total SWOT analysis. I have also highlighted current FDI norms, labour and tax reforms of the economy. Crime is one of the concern in the economy, other than that Mexico provides good investment opportunity.

Please go through the report to have complete view about the business environment of the Mexican economy.

Regards, Introduction Proximity to US and strong commercial growth prospects has made Mexico as one of the most highlighted business destination compared to the other countries. This has made many companies to invest in the country. ...

Over the years, neighboring countries have tried to form trading alliances with the aim of consolidating their ties and assist in exploitation of their potentials before they expand their operations to the rest of the world. As a result of the attempt, two or three countries come together to form a trading block. Trading blocks are highly influential as far as political and economic relations of member states are concerned. Some trading blocks are strongly influential within their regions of operations and beyond, in both political and economic aspects. For example, European Union which forms the largest trading block across the ...

Economic development is an essential goal that all the countries across the globe strive to achieve by adopting all the possible measures that aid in achieving this goal. To effectively maintain a continuous economic development in a country, government bodies adopt legal strategies that ensure a continuous flow of trading activities that in turn generate revenues not only for the involved businesses but also for the government as well. Free trade is one of the trading measures that most countries have enacted in an effort to promote free and frequent flow of trading products and services hence leading to improved and efficient ...

Last Name, First Name of Student

Research Question The purpose of this paper is to establish the effect of the North American Free Trade Agreement, otherwise known as NAFTA on the foreign direct investments that Mexico has received as an effect of the implementation of the NAFTA. Mexico, along with the United States and Canada, has created a trilateral trade block that came into force on January 1, 1994. The goal of the NAFTA is to promote trade and investments between the three member countries through several mechanisms that include removal of tariffs for export and import of goods, elimination of non-tariff trade barriers, improved ...

Abstract

This purpose of this essay is to discuss about the economic impacts of NAFTA on US, Canada and Mexico. Several primary as well as peer reviewed sources were studied to write this paper which are mentioned in the references page. This paper has primary focus on the economic impacts of NAFTA on US, Mexico and Canada as NAFTA is signed among these three nations. Most of the effects of NAFTA are criticised by economists. Various trade relationships among Mexico, Canada, and the United States of America have broadened significantly since NAFTA's implementation, although experts conflict over the extent to ...

The North American Free Trade Agreement (NAFTA) and the European Union (EU)

Trading blocs are imperative for the purpose of opening markets and boosting economic growth. Most of regions in the world have come together for the purpose of addressing issues of increasing trade. The North American Free Trade Agreement (NAFTA) forms quite an Integral part in the history of Mexico, Canada and United States. The government of United States, Canada and Mexico signed the agreement which led to the creation of trilateral trade in the region of North America. The agreement was implemented on January 1st 1994. The agreement was supposed to assist the three countries develop their economic interests ...

The purpose of this research paper is to determine what the term neo liberalism means and the impact of neo liberalism in the modern day political economic and social agenda. This paper will assess the impact of neo liberalism in the United States of America as well as in any other country where global capitalism is in effect. It will provide an account of neo liberalism as a set of concepts and principles. The paper will seek explain how the various sets of principle that are part and parcel of the neo liberalism are being implemented by governments. It will ...

Proposition

The purpose of this activity is to identify, recruit, train and deploy potential personnel for key managerial positions in OYM IT, a joint-venture undertaking between FIRST UP IT of Australia and IT SOLUTIONS of India. The time table for the identification, recruitment and training of management personnel for the Joint Venture post is three calendar months.

The selected management personnel will report to the Joint Venture Chief Executive Officer, Mr. (Indian National). Mr. (Indian National) worked extensively with IT SOLUTIONS in a high-ranking executive position and as such, has extensive experience in IT operations. He will be leading the business operations ...

Mexico is the world’s 12th largest economy in terms of Gross Domestic Product ($1.657 trillion), growing at an average rate of 3.8% annually. With a 47.7 million labor force, Mexico has GDP per capita of $15, 100 which is the 81st highest in the world. Mexico’s leading industry include food and beverages, tobacco and cigarette production, chemicals, iron and steel manufacturing, petroleum, mining, textiles, clothing, manufacture of motor vehicles, consumer durables, and an active tourism sector.

Ninety percent of Mexico’s trade is under free trade agreements with countries from the whole North America, most of Central America, ...

The North American Free Trade Agreement or commonly called “NAFTA” is a three party trade agreement between Canada, Mexico and the United States. The general purpose of this trade agreement is to reduce, if not totally remove, trade barriers among the said countries. NAFTA also aims to facilitate the movement of goods and services across these North American borders. It also intends to increase investment prospects, encourage fair competition, and implement intellectual property rights in each of the party's territory (Peach & Adkisson, p. 1).

Article 102 of the NAFTA agreement describes its specific purpose as follows:

Award Mexico, Canada and the United States with the Most Favored Nation status. Reduce ...

Regional Economic Integration

Regional Economic Integration refers to the creation of agreements among the countries within the same geographical areas, which aims to enhance economic and political cooperation. Its initial purpose is to reduce or remove trade barriers in the region, while the scope of the agreement can also include further areas for cooperation. It is possible to identify several kinds of regional economic integration, which depend on the degree to which countries want to sacrifice their sovereignty in favour of collaboration and barrier reduction. The least restrictive form of economic integration is the so called “preferential trade area”. It implies a partial ...

1. Hyundai started its business in the year 1967 by Chung Ju Yung. After its inception company started growing at a good pace and started its operations in various countries. At initial stage Hyundai faced some challenges when company entered in Canada. Hyundai had not succeeded in Canada but that failure was a big lesson for Hyundai. The company learned various things from that failure and Hyundai utilized the same in the future. All the experience turned out to be advantageous for the company that it was having over its competitors. Comparative and competitive advantages played a major role in Hyundai ...