The existence of trade blocks such as NAFTA or ASEAN are even more reasons to consider globalization as a means of improvement in terms of politics, economic, and social aspects of life.
References
ASEAN. N.d. About. 28 September 2011 http://www.asean.org/about_ASEAN.html
Ian Goldin, Kenneth Reinert. 2006. Globalization for development: trade, finance, aid, igration and policy . World Bank: Palgrave Macmillan, Washington, DC .
D Henwood, 2003. "Beyond Globophobia." The Nation .November 28 September 2011 http://www.globalpolicy.org/globaliz/define/2003/1113globophobia.htm
D. Held,. 2005. Debating Globalization . Polity Press, Cambridge.
Economic...
Soviet Union Trade Blocs Trade blocs (pacts) and mutual economic associations of interest are hardly new tactical weapons on the nation-state board of marketing strategies. They have been used across the eons for one or another purpose. Leaders of countries of all types have attempted to execute their own versions of this kind of economic vitality model, even when such cooperation forces them to reach outside of their controlling economic philosophies.
That is supposed to have become one market which does not entail any tariff distinctions between the nations. But it should be noted that some of the analysts feel that it will never become a single entity market, but will remain separated into different varying national markets. The reason is being ascribed to "cultural, informational, logistic barriers and perhaps remaining discriminatory barriers all of which imply an incurable tendency
People and services are not easily moved among the various countries. Although securing work and permits in the United States for Mexican and Canadian immigrants, NAFTA has also caused considerable concern in terms of legislation. This is particularly the case in Canadian lawmaking. Several disputes resulted from NAFTA trading activities in the country. Such disputes for example include gasoline additives and possible related health concerns and nerve damage (Weintraub, 2004).
Global Business Strategies Vincent The aftermath of World War II has seen the evolution of economic regionalism as a means for fostering foreign trade thereby economic growth of participating countries. Economic regionalism was a conscious attempt to manage the opportunities and constraints created by international economic tie-ups after World War II through institutional arrangements facilitating free flow of goods and services and coordination of foreign economic policies. It embraced free trade areas,
Trade Liberalization In basic terms, trade liberalization has got to do with bringing down the various trade limitations existing between countries. It is important to note that in an attempt to protect their domestic industries, many countries from across the world have in the past erected numerous protectionist measures including but not limited to tariffs and quotas. This has amongst other things had the effect of stifling international trade. This text
Combined with the increasing prevalence of regional trading blocs, higher transportation costs may result in a move towards regional production rather than global. In other respects, however, Lonely Planet's business will remain essentially unchanged over the coming years. Conclusion The globalization of international trade has had a profound impact on Lonely Planet's operations. It has allowed the company to use offshore production centers that are capable of serving the global market.
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