the next NAFTA members
Not what you're looking for?
I am an advisor to the US Federal Trade Administration in charge of doing background research that will be used for trade negotiations by policy makers. The US is in the process of engaging in negotiations with countries in Middle and South America to explore expansion of the North American Free Trade Agreement [NAFTA].
I have been asked to provide a brief memorandum that outlines the three main advantages and disadvantages of expanding NAFTA.
Purchase this Solution
Solution Summary
It is important to choose the next NAFTA members carefully. They should be economies of governments ....
Solution Preview
It is important to choose the next NAFTA members carefully. They should be economies of governments that are developed to the point at least of Mexico's level. Their governments should be friendly democracies with a history of good relations with the US.
Advantages:
1) By expanding NAFTA, the US will expand export opportunities for US businesses as well as for Canada and Mexico.
2) Besides helping individual companies (increased sales, profits, etc.), expanding NAFTA will ...
Purchase this Solution
Free BrainMass Quizzes
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.