MGMT 310 Lecture Notes - Lecture 2: General Agreement On Tariffs And Trade, North American Free Trade Agreement, Opportunity Cost
Document Summary
Business leaders: respond to changes in the global business environment and try to change it, lo(cid:271)(cid:271)(cid:455) to i(cid:374)flue(cid:374)(cid:272)e the go(cid:448)er(cid:374)(cid:373)e(cid:374)t"s role i(cid:374) (cid:271)usi(cid:374)ess. Integration and interdependence of economic, technological, sociocultural, and political systems across diverse geographic regions. Advocated by leading economists and politicians post world war ii. Movement led to the creation of several international trade agreements. Created a single market by a system of laws that apply in all member states , guaranteeing the freedom of movement of people, goods, services, and capital. Opens up an invitation for more investment. Introduced a common currency, the euro: designed to build single market. Us, canada, and mexico signed the treaty to eliminate tariffs. Maintains trading restrictions on certain agricultural products. Industries have benefitted from the opening of borders. Established in 1967 to support three goals: accelerating economic growth, promoting social and cultural development, ensuring peace and stability. Designed to create freer flow of goods and services within the asean countries.
