Help with a 1,050-1,750-word paper that addresses the following and analyzes their effects on your expansion project:
NAFTA & ASEAN (THE ASSOCIATION OF SOUTHEAST ASIAN NATIONS)
? Compare and contrast foreign exchange instruments for the two trading blocs.
? Include major financial data for the trade blocs including GDP.
? Describe the comparative advantage(s) of your selected regional trading blocs.
? Identify the major risks associated with doing business in the selected trading blocs.
The response addresses the queries posted in 1369 words with references.
//Before, we will talk about the comparison & contrast between the foreign exchange instruments in the two trading blocs, we will have to first of all, clearly understand about NAFTA and ASEAN. So, firstly, we will gain information about the NAFTA and ASEAN under the heading of the Introduction, for example: //
North American Free Trade Agreement (NAFTA) developed the North America as a giant free trade area. NAFTA helps the companies in their expansion projects by allowing free movement of the various factors of production such as capital, labor and equipments to the highly expensive country to a lower expensive country, like American companies would vastly earn profit by shifting its production to Mexico because of the cheap labor as compared to United States. This trading bloc would eradicate all the tariffs on products moving among the three countries and also restrict other barriers to services and investment capital within North America, thus the companies easily pave the way for its further expansion projects.
The Association of South East Asian Nations (ASEAN) was formed in 1967, after the declaration of the Bangkok. Mainly, five countries are involved in these trading blocs that include Indonesia, Malaysia, Philippines, Singapore and Thailand with the view to speed up the economic progress in various specified projects. This bloc has an effective mediator for cooperation in economic matters and foreign affairs. ASEAN provide greater market opportunities for the economic development, through the creation of larger & new markets and enabling the industries to enjoy bigger economies of scale for the enlargement of the project. Stable monetary and fiscal policies are the prime reason for the economic success of the ASEAN.
//Above, we talked about NAFTA, which developed the North America, as a giant free trade area. It mainly assists in companies in their expansion projects. On the other side, ASEAN that furnishes greater market opportunities for the development of the economy. In this part, firstly, we will talk about the precise term 'foreign exchange instrument', in order to differentiate the instrument of the two trading blocs. Now; as per the ...
The response addresses the queries posted in 1084 Words, APA References.