MAR 4156 Lecture 10: chapter 10 3-2
Document Summary
Multinational market regions: groups of countries that see, mutual economic benefit from reducing inter regional trade and tariff barriers - are the most important global trends today. The most successful one is european union, the world"s largest multinational market region and foremost example of economic cooperation. Successful economic union requires favorable economic, political movement cultural and geographic factors as a basis for success. The advantages of economic union should be cut and clear. For a union to survive, it most have agreements and mechanisms in place to settle economic disputes. Most eastern european countries are privatizing state owned enterprises. Ethiopia, angola, and malawi experienced growth rates greater than 8% between 2007 and 2011. Provide an advantage to the companies within the market in their dealings with other countries of the market groups. Production facilities in multinational markets may benefit fro. Exporters to these markets are in considerably weaker position.
