Regional Economic Integration The European Union stands alone terms of boldness and potential implications, but regional economic integration is on the rise the Americas. NAFTA is significant but several other trade blocs are in the offing, and these have practical and managerial implications for any firm doing business in the Western Hemisphere. When a business is considering a particular nation as a market or site for investment, a key consideration will be whether the country participates understand what is happening in that trade bloc and the effect it will have on the firm's strategy and operations.
Regional economic integration. The firm needs to The creation ariso gioa f doing bee g t Even after the eake e trade and inestment differencee in. Culture leasingly s often limit the ability of companies to centralize production. A major threat to businesses shut out of markets if they do not have a local presence. that with lowered trade barriers, the business environment can become even more competitive.
Firms can also be Roll-over the items on the left and determine which describes the regional agreement and the appropriate members, then drag the item to the correct location
US, Canada, and Mexico
Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam
Description Members Began as customs union,
moved to common market, and then political integration NAFTA
Has cohesion and mutual values needed for common marke MERCOSUR
Started well then slumped but hopes for revival EU
Five Central American nations plus
the Dominican Republic and the U. S.
The first U. S. trade agreement with a
group of developing economies ASEAN
Work in Progress CAFTA
Originally Brazil and Argentina
28 European countries Reset