After years of debate and a turbulent passage through Congress, The North American Free Trade Agreement came into effect on 1st January 1994. The agreement heralds a new era in North America's economic and political behavior and will dominate the international economic arena of the western hemisphere in the coming decades. In order to understand the implications and challenges of NAFTA on both a domestic and international level, this book examines the corporate, managerial and financial consequences for the participating countries (United States, Canada and Mexico), as well as the wider impact of economic regionalism in the new world order, especially in relation to the European Union. An overview of the agreement itself is followed by analysis from an external perspective and an examination of intra-regional issues.

The North American Free Trade Agreement (Series in International Business and Economics, 1)

Business & Money

Fatemi, Khosrow

K. Fatemi, Fatemi

Fatemi, Kosorrow

Economics

Emerald Publishing Limited

<p>Fundamental changes in recent decades have heightened the need for new and viable solutions to the problems of world trade. In the new climate of internationalisation an expanding number of firms are engaged in international trade, barriers have been coming down, and trading blocs, whose members may share the advantage of lower tariffs and the absence of quotas, are beginning to predominate. Such systems, however, have a generally negative impact on global trade and can be catastrophic for developing and non-industrialised economies. The degree of recent change has created an uncertainty that now demands new global trade systems - a new set of rules for the new environment. This book tackles some of the unresolved issues in international trade that will continue to press into the next century: the continuing controversy over NAFTA; globalised trade policy agreements vs local trade agreements; global leadership; the development and impact of the WTO; the single European market; trade controls; transition economies; trade policy reform; global airline competition; competition in financial services; trade wars; trade policies; and commercial policy, and international technology cooperation.</p>

International Trade in the 21st Century (Series in International Business and Economics)

Fatemi, K.

As the new millennium dawns, a new world order is taking shape. The political environment in which the global economy has to function is finally recovering from the bewilderment which followed the collapse of the bipolar system which had, in turn, come into being after World War Two. The aim of this book is to provide a discussion of the new world order as manifested by some of the changes which dominate the arena, specifically the dichotomy of concurrent attempts at globalization and regionalization of international trade and financial issues. The book is organized into four parts. Having set the stage in Part I, Part II deals with globalization issues, especially the World Trade Organization and its impact on global trade, as well as examining labor standards and reviewing the long-standing debate on trade policy. Part III provides an examination of some of the larger and more successful attempts at regional integration and regionalization of trade issues in Asia, the European Union, and the transitional economies of Central Europe. Finally, Part IV provides an analysis of one of the vehicles of bringing about the changes which are necessary to turn this still abstract idea into reality, namely the multinational corporations.

The New World Order: Internationalism, Regionalism and the Multinational Corporations (Series in International Business and Economics, 15)

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