GMGT 1010 Lecture Notes - Lecture 31: Union Of South American Nations

• School: University of Manitoba
• Department: General Management
• Course: GMGT 1010
• Professor: Brock V.Cordes

Document Summary

The agreement permits all three countries to reduce trade barriers with one another while maintaining independent trade agreements with other countries. Late 1950"s alliance of 6 trading partners. Today the eu is a group of 27 member nations located primarily in europe. The eu sees continued economic integration as the major way to complete for global business. European unification was not easy, but the adoption of the euro currency helped. Triggered by smaller european countries in eu overspending and over borrowing. Could no longer service their debt as interest rates increased. Threatened to return to own currencies again this would make countries more protectionist again. Union of south american nations (unasur) 12 nations economic free-trade zone in south american. The association of southeast asian nations (asean) 10 countries globalization and your future: New and expanding markets present great potential for trade and development.