Statistical Sciences 2035 Study Guide - Quiz Guide: Buckling, World Government, North American Free Trade Agreement
16 Oct 2018
School
Department
Professor
Document Summary
Declining effectiveness in security, stability and prosperity of national governments, together with growth of regionalisation = tendency for pattern of economic and political cooperation to develop between states in the same region. Mainly economic: international trade can foster harmonisation of interests and provoke deep suspicions. Strong encouraged to open borders of weaker countries. Implication of economic regionalisation depends on whether trading blocs become inward-looking economic fortresses or develop into outward-looking bodies that help to manage integration of their regions into global economy which also fostering internal cooperation. North american free trade agreement (nafta): 1993, canada, mexico, usa. Asia-pacific economic cooperation (apec): 1989, 12 to 21 members (chia, Association of south-east asian nations (asean) 1967, promote free-trade zone to maintain economic independence. Mercosur: latin america"s largest trade bloc, free-trade union. Free trade area of americas (ftaa): 1994, proposed extension of nafta. 34 member, but dominated by usa and canada.
