A positive aspect is related to the more specialized goods being produced. However, new exports markets should be sought in order to reduce the dependency on the United States.
From a social point-of-view, it is important to focus on issues such as education and social equality as they are essential not only for current generations but also for the ones to come. In this sense, OECD reports state "Mexico's education outcomes can be improved by enhancing the effectiveness of its schools. The standards gap between the performance of students in Mexico and other OECD countries can only be reduced if schools become good at what they do" (OECD, n.d.). Teachers that are more prepared and students that have a higher degree of interest can forge a more sustainable education environment. At the moment, according to statistics, "Only 11% of Mexicans aged between 20 and 29 participate in education, only 2 percentage points higher than in 2000, and around half as many as their counterparts in Chile (23%), Brazil (21%), and on average in OECD countries (26%)" (OECD, 2011) This unsatisfactory rate translates into low skilled labor force, which in turn affects unemployment, goods produced, and eventually exports and the economy as a whole.
Mexico has clearly benefited from its participation in the OEDC because it has been provided with necessary guidance in terms of reforms at political, economic, or social level. Working groups have been created with particular focus on the Mexican state and the country has benefit from decades of development experience...
By 2050, it is projected that only India would be recording growth rates significantly above 3%. Incomes and Demographics By 2050, despite much faster growth, individuals in those countries are still predicted to be poorer than those persons living in any of the now G6 economies . Russia is the exception, essentially catching up with the poorer of the G6 in terms of income per capita by 2050. By 2030, China's
These companies are getting bigger and bigger. Some companies have such huge assets all over the world that they are worth more than many small countries. If you compare the GDP of many countries, you can see that the GDP is even less than the earnings of those big companies (Disadvantages of globalization, 2012). The governments do not have the power to stop the multinational companies from closing a factory
For instance the World Trade Organization reports having "allowed First World countries to raise trade barriers protecting their companies, even as we have served as their forum for insisting that Third World countries lower their trade barriers more and more." (WTO, The truth is that if richer nations were to open their markets to the LDC countries for increase opportunities of export, generated would be approximately $700 billion in additional
He made a lot of points, but neglected to tie them all together and bring them to his conclusion. Further, he recognizes many things about the new economic world order than Altman fails to address, but he omits consideration of the long-term impacts. He rests his conclusion on what he believes is the self-evident conclusion that promoting free trade is a winning policy. What I would have liked is
The WTO Secretariat is based in Geneva, with around 600 staff members under a director-general. The main functions of the Secretariat include technical support for the WTO councils and other bodies, technical assistance for developing countries, world trade analysis, and liaison between the WTO and the public and media. The Secretariat can also provide legal assistance for dispute settlements, and advice to governments applying for membership in the WTO. The World
Once this occurs, is when an organization will face a number of ethical challenges, as they want to maintain healthy profit margins and are forced to push employees to work even more hours. At which point, it is only a matter of time until productivity levels will decline. The best way to establish ethical practices in various host countries is to create an ethical code, based upon cultural traditions and
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