INTB 3355 Study Guide - Midterm Guide: North American Free Trade Agreement, Execution Unit, Time Complexity
1 May 2016
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International institutions from an international business perspective: types of economic integration agreements, free trade area (fta): Tariffs are abolished among members, but each member-nation maintains its own external tariffs. Trade restrictions on the movement of services, people, and capital: customs union: An agreement that adds common external tariffs to the fta. Southern african customs union (sacu) & the common market of the south (mercosur: common market: Customs union lifts restrictions on the mobility of services, people, and capital. A single market to make barriers to trade common by establishing common economic policies; requires great deal of political will: complete economic integration: Integration on economic, social, & political levels (i. e. eu) High degree of political integration; member-nations surrender important elements of their sovereignty: nafta 1994, main goals: Promoting economic growth by easing the movement of goods and services between. Us, mexico, and canada: precursor: canada-us free trade agreement 1989. Reduces incentives to immigrate to us: stipulations:
