In 1992, United States President George H.W. Bush, Mexican President Carlos Salinas de Gortari, and Canadian Prime Minister Brian Mulroney signed the North American Free Trade Agreement, or NAFTA. What many are not familiar with is how Texas border cities with Mexico, particularly the borderland of El Paso, TX, and Ciudad Juárez, Chihuahua, saw a significant increase in gender violence after the signing of NAFTA. Since the early 1990’s to the early 2000’s, Ciudad Juárez became the central stage…
Free trade also allows foreign industries to do business cheaply, which in turn makes it harder for developing countries to promote their own industries. A good example of free trade in today’s world is the North American Free trade Agreement (NAFTA). It has been over 20 years now since NAFTA created the world’s largest free trade area in 1993. NAFTA was created to ease restrictions on commerce between the United States, Canada and Mexico by providing duty-free…
Historically speaking, countries that collaborate together tend to fight less with one another. This statement can be deemed crucial by the American people to ensure security with these other 11 nations. Countries with similar ideals are prone to not have war, and this is called the democratic peace. This agreement does not include China, unlike the TPSEP, and that can be seen as being intentional…
Q1. What was Wal-Mart’s early global expansion strategy? Why did it choose to first enter Mexico and Canada rather expand into Europe and Asia? Walmart’s early global expansion strategy earlier is to have low priced products to attract wide range of customers. Also, it lacked the necessary financial, organizational, and managerial resources to follow multiple countries at the same time. Instead it chooses for a logically sequenced move toward market entry that would allow it to apply the…
The Trans-Pacific Partnership Agreement (TPP) involves 12 countries: the United States (US), Australia, Canada, New Zealand, Mexico, Chile, Peru, Singapore, Brunei, Malaysia, Vietnam, and Japan. The TPP stems from an existing agreement between Brunei, Chile, New Zealand, and Singapore (Lewis). If the agreement is ratified, it would be the largest regional trade accord in history, since these countries account for roughly 40% of the global economy (Granville). According to the Office of the…
Introduction: The year 2016 has appeared to be a year of political change and political movements that the world have never seen. Starting in the spring of 2015, one outsider candidate emerged on what all the pundits laugh and scoffed that saying there is no chance of him winning. That man is businessman Donald Trump. He has changed the way politics are looked at for a generation. One of his main issues that he brought up in his campaign was that of trade. Throughout the election he talked about…
Through history, the United States went through a series of events that were fluctuating between good and bad. The United States shifted from the expanding welfare state in 1960s to neoliberalism in the 1970s and 1980s through neoliberal policies. This shift was purely bad because it affected the nation negatively. Neoliberalism is an economic and social theory that free markets and free trade is the best way to structure society. This means reducing society to no regulations and privatization…
Motivating employees The era we live in is rapidly changing and growing. Hundreds of new jobs are being created every day, and it is all thanks to the fast growing telecommunications and technology industries. Although tons of new jobs are being created yearly there are certain challenges that today’s managers are facing. One of them is motivating their employees to stay with the company. Fifty years ago this issue was not much of a problem, but with the rapidly changing world and economy we…
The North American Free Trade Agreement (NAFTA) has a major impact on the United States in many ways, both positive and negative. Creative destruction helps our country grow and become a more developed country. It helps us to find new ways and products to financially and economically help our nation grow. Globalization helps our country develop economically, and integrate with other countries and their ideas. Globalization and NAFTA together impact the U.S., Canada, and Mexico in many ways.…
The Canadian and the American Economies are very different. The Canadian Economy is mostly a mixed economy. According to Webster's dictionary, this means that some companies are owned by the government and other companies are not. The American Economy is mainly a market economy which means prices are based on competition among private businesses and not controlled by a government. Many people believe that Canada and the U.S should have a common economic system with little government involvement…