MGT 125 Chapter Notes - Chapter 1: North American Free Trade Agreement, World Trade Organization, International Monetary Fund
Document Summary
Discuss the importance of regional trading alliances and global trading mechanisms. Remove all trade barriers, facilitating refer trade. In force with singapore, thailand, the us, chile, asean (including new. Asean: a group of south east asian countries with free-trade agreements with each other. European union: 28 democratic european countries with free trade agreements with one another; 17 out of 28 members states use the euro as a currency. North american free trade agreement: an agreement between mexican, Canadian and us governments in which barriers to free trade have been eliminated. World trade organisation: a global organisation of 159 countries that deals with the rolesof trade among nations. Plays a role in monitoring and promoting global trade. Keeping global trade active during the global economic crisis. International monetary fund: an organisation 0of 188 countries that promotes international monetary cooperation and provides advice, loans and technical assistance. Purpose is to establish and maintain nancial stability and strengthen countries.
