THE ECONOMICAL INTEGRATION IN NORTH AMERICA

Constantin Valentin Popescu
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Constantin Valentin Popescu: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2011, vol. 1, issue 39, 228-234

Abstract: The present work presents a view in the relatively recent history of the North American relationships, thing that underline in a way that NAFTA, according to the strong faith in the commerce and free investments. Here there are presented the stages of NAFTA formation, that is an agreement of free trade between USA, Canada and Mexico, that decided the total elimination of customs taxes in the mutual relationships. There are presented the effects upon the countries that participate as well as the contribution of NAFTA to the increasing of work productivity through a higher competition and imports made in the conditions of more competitive prices, all these aspects conducting to a higher volume of American investments made in Canada and Mexico. Comparisons are made between EU and NAFTA and about the connections between these two entities. In the end, this work presents the perspectives of NAFTA.

Keywords: the region integration; free exchange agreement; regionalism (search for similar items in EconPapers)
JEL-codes: F15 F53 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2011:i:39:p:228-234

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