Question

Roll-over the items on the left and determine which describes the regional agreement and the appropriate members, then drag the item to the correct location.

Regional Economic Integration 

The European Union stands alone in terms of boldness and potential implications, but regional economic integration is on the rise in the Americas. NAFTA is significant but several other trade blocs are in the offing, and these have practical and managerial implications for any firm doing business in the Western Hemisphere. 

When a business is considering a particular nation as a market or site for investment, a key consideration will be whether the country participates in regional economic integration. The firm needs to understand what is happening in that trade bloc and the effect it will have on the firm's strategy and operations. 

The creation of a single market through regional economic integration offers significant opportunities because markets that were formerly protected from foreign competition are increasingly open. Opportunities arise from the inherently lower costs of doing business in a single market. Even after the removal of barriers to trade and investment, differences in culture and competitive practices often limit the ability of companies to centralize production. A major threat to businesses is that with lowered trade barriers, the business environment can become even more competitive. Firms can also be shut out of markets if they do not have a local presence. 

Roll-over the items on the left and determine which describes the regional agreement and the appropriate members, then drag the item to the correct location.

US, Canada, and Mexico The first U.S. trade agreement with a group of developing economies Members Description 28 European countries NAFTA US, Canada, and Mexico Originally Brazil and Argentina MERCOSUR Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines Singapore, Thailand, and Vietnam EU Has cohesion and mutual values needed for common market. Started well then slumped but hopes for revival ASEAN Began as customs union, moved to common market, and then political integration. CAFTA Work in Progress Five Central American nations plus the Dominican Republic and the U.S

Answer 1

The above tabular data explains the different regional trade agreement across the world. It also explains the state of these regional trade agreement and state of the trade among the member nations.

Description Members NAFTA Started well then slumped but hopes for revival US, Canada, and Mexico MERCOSUR Work in Progress Originally Brazil and Argentina EU EU Began as customs union, moved to common market, and then political integration. 28 European countries ASEAN Has cohesion and mutual values needed for common market. Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam ASEAN CAFTA has come condimentum veles notre The ha presupra celor maintenance the corne CAFTA The first U.S. trade agreement with a group of developing economies Five Central American nations plus the Dominican Republic and the U.S. r forum