MANGMT 3000 Lecture 5: Management Chapter 4&5
Document Summary
Trading bloc- economic community consisting of a group of nations within a geo graphical region that have agreed to remove trade barriers with one another. Agreement supposed to eliminate 99% of tariff and quota"s among countries allowing free flow of goods, services, and capital in north. Went from billion to trillion. Treaty never met any of its promises to close mexico"s wage gap with. Us jobs lost bc inc imports and relocation of factories. Spurred a u. s. trade deficit- billion in 2013 (sevenfold increase above the pre-nafta level: the eu- 28 countries of european union 1957. Union of borderless and neighbors the world"s largest free market. Purpose is to improve economic and political ties. Work to reduce tariffs and other trade barriers across asia-pacific region: association of southeast asian nations (asean) Trading bloc consisting of 10 countries in asia. Largest free trade area in the world in terms of population: mercosur, 12 countries of latin america.
