GMS 200 Chapter 3: Chapter 3 - GMS.doc

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 200
• Professor: Horatio Morgan

Document Summary

Increasing involvement in ownership & control of foreign operations. World trade organization 153 countries; member nations agree to negotiate & resolve disputes about tariffs & trade restrictions; to promote free trade and open markets around the world; to promote free trade & open markets around the world; Nafta north american free trade agreement linking canada, us, mexico in an economic alliance trade zone w. minimal barriers; frees the flow of goods & services, workers & investments among the 3 countries. + stuff, greater cross border trade, benefits to farm exports, greater productivity of manufactures, reform of the mexican business environment. Stuff, job losses to mexico, lower wages for canadian & American workers wanting to keep their jobs, lack of protection of canadian fresh water & natural resources. European union political & economic alliance of 27 european countries; agree to support mutual economic growth by removing barriers that previously limited cross- border trade & business development.