文档介绍：Management in a Cross-cultural Environment Chapter 1 WORLDWIDE DEVELOPMENTS
Chapter 1
WORLDWIDE
DEVELOPMENTS
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Regional Developments Impacting Internationalization
North American Free Trade Agreement (NAFTA)
U3>.S., Canada, Mexico
Removed all barriers to trade between countries
created a huge North American market
Agreement will expand to include Latin American countries, Chile, Argentina, and Brazil
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European Union (EU)
Consists of 15 western European nations
Trade barriers between EU members have been removed
a unified currency called the “euro” has been adopted
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General Agreement
on Tariffs and Trade (GATT)
reduces pletely eliminates tariffs
has been replaced by the World anization (WTO)
has more power to enforce rulings on trade disputes and to monitor trade policies
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ASIA
Japan continues to be the primary economic force
China is quickly ing the biggest economy in the world
the Southeast Asian countries have recently been major export-driven economies
ASEAN (Association of Southeast Asian Nations) promotes exports to other countries
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Central and Eastern Europe/ Russia
The Czech Republic, Poland, and Hungary have transitioned to market economies
Is an untapped area being targeted by MNCs looking for expans