MGT 4420 : Test 1 Study Guide
Document Summary
American free trade agreement between the us, canada and mexico. Major developments following implementation of nafta: these changes happened gradually over time. Has helped negotiations in other latin american countries as well. Also formed is us-singapore, us central american-dominican republic (nafta and cafta) these have reduced barriers to trade and have led to legal and business reform. Eu european union consists of 27 countries with a unified currency, the euro. The eu is the most integrated, unified market. Emergence of the eu as an operational economic union. Economic linkages between the eu and newly emerging central and. Challenge is to absorb former communist bloc countries. Foreign mncs gain foothold in eu by: acquisitions, alliances, cooperative r&d efforts. Asean association of s. east asian nations advancing trade and challenging. Bric brazil, russia, india, china recognized as emerging dominant economies by: goldman sachs research. Economic performance of central and eastern europe: russia, czech republic, hungary, poland:
