8
REGIONAL ECONOMIC INTEGRATION
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
- Define different forms of economic integration and their effects on international business
- Examine the costs and benefits of integration
- Explore different regional trading groups and their impact on the world and regional economy
- Explain the rationale for international commodity agreements
MEXICO LEADS IN AUTO MANUFACTURING
Mexico’s auto production has grown in leaps and bounds since it became a member of NAFTA. The country now produces almost 20% of all North American light vehicles, compared to a 6% share in 1990. Mexico manufactures 63% of its cars for export to USA and the rest to Asia and Europe.
Mexico is the world’s fourth-largest ...
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