The Economic Commission for Latin American (ECLA) was established and commenced operations in 1948. ... The theory of structural economic dependency gained increasing favor as the basis for Latin American economic policies. ... However, ECLAC formulated the key concepts applicable to Latin America. ... The level of development, size and rate of growth varies greatly among Latin American countries. ... However, the introduction of a free trade agreement for the Americas in the early 1990s sparked an increased interest in strengthening a Latin American cohesive trade bloc. ...

• Word Count: 1742
• Approx Pages: 7
• Has Bibliography
• Grade Level: Undergraduate

The Roosevelt administration viewed trade as well as labor policy as mutually supportive in terms of the advancing interests of American workers, so that the RTAA had been enacted at the same time that Congress approved important protections for organized labor in addition to U.S. entry into the International Labor Organization (1999). During the 1930s, and throughout the mid-1960s, many unions would actively support the broader objectives of American foreign policy, something that would include trade liberalization ("Civil," 1999). ... They only see that Americans in low paying jobs would...

• Word Count: 1017
• Approx Pages: 4
• Has Bibliography
• Grade Level: Undergraduate

Its products are exported to North America, South America, Asia, and Europe ("Agriculture"). In percentage terms, 44% exports are in North America, 27% goes to countries in Europe and Central Asia, 20% to countries in Latin America and 8% to countries in East Asia (The Canadian International Development Platform). ... The Free Trade Agreement would then later improve more efficiently into what is now known as the North American Free Trade Agreement (NAFTA). ... " In general, the North American Free Trade Agreement has affected Canada in a positive way. ... The North American Fre...

• Word Count: 1466
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

This January of 2014, the North American Free Trade Agreement (NAFTA) had its twentieth anniversary of existence. ... The North American Free Trade Agreement aimed to eliminate tariffs and reduce non tariff barriers amongst it members. ... American billionaire Ross Perot constructed a relatively successful Presidential campaign, for an independent, under the anti-NAFTA flag. ... Figure 2 shows the increase in North American imports, which grew by 450% between the last two decades. ... Figure 4 displays the lacklustre Mexican economy which's average growth after NAFTA fell below the World ...

• Word Count: 1593
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

In January 1994, the United States, Mexico, and Canada implemented the North American Free Trade Agreement (NAFTA). ... The free trade established by MERCOSUR also involves countries within South America. ... Before MERCOSUR there was ALALC, the Latin American Free Trade Association. ... After ALAC, came ALADI, the Latin American Integration Association. ... The main point of MERCOSUR is to set up free trade among South American countries and to encourage new countries to join (americasnet.com). ...

• Word Count: 3714
• Approx Pages: 15
• Grade Level: Undergraduate

Here, one could argue that the liberal concept of free trade primarily operates in the interests of hegemonic countries dominating the WTO that have already built up a strong economy and specialized in manufacturing goods with a comparative advantage, leaving behind less developed countries that are unable to compete yet open up their markets.5 For instance, many Latin American countries followed the successful example of Chile in the 1970s and adopted outward-oriented policies, hoping to experience a similar economic growth. ...

• Word Count: 1318
• Approx Pages: 5
• Has Bibliography
• Grade Level: Undergraduate

The UN has sponsored a Global Compact to establish and promote a shared set of core values in the areas of labour standards, human rights and environmental practices between the UN and the business community The Organisation for Economic Cooperation and Development (OECD) develops economic and social policy for its 29 members, which include the countries of North America, Western Europe (including Czech Republic, Hungary and Poland) and Japan, Korea, Australia and New Zealand. ...

• Word Count: 9131
• Approx Pages: 37
• Grade Level: Undergraduate

Abstract During the last few decades the global economic landscape has significantly changed due to globalization. Globalization is the multifaceted process that increases the interconnection between the economies in terms of trade, capital and culture. Globalization has a profound effect that has experienced all the nations across the globe. An increase in the exposure to the global economies and the interconnectedness among the nations facilitate to enhance economic prosperity, promote economic prosperity, accelerates economic development. On the other hand, there are many adverse consequen...

• Word Count: 2450
• Approx Pages: 10
• Has Bibliography
• Grade Level: Undergraduate

Although almost 40% of this went to North America, up to 80% of all FDI to developing nations went to the ASEAN countries(Association of South East Asian Nations) and China with Japan still the most significant investor in South Korea, Thailand and Indonesia2. ... Although the effect is quite minimal in comparison to that of Latin America; Hong Kong , Singapore and to some extent, Korea have all demonstrated that foreign firms within East Asia are more capital-intensive than those of domestic firms which can make it hard for those domestic firms to compete in those markets. ...

• Word Count: 3533
• Approx Pages: 14
• Has Bibliography
• Grade Level: Undergraduate

Introduction Goods and services have been traded internationally for centuries. Historically, this trade has been controlled by governments, either through force or through import and export taxes (tariffs), subsidies and other regulations. But, whatever the method of intervention, the aim has always been to maintain favourable terms of trade for the country exercising these measures. The support by government of national interests, through tariff and non-tariff measures, is known as "protectionism". The removal of such trade barriers, combined with improvements in international communicati...

• Word Count: 3038
• Approx Pages: 12
• Has Bibliography
• Grade Level: Undergraduate