Running head: REGIONAL INTEGRATIONÃ¯Â¿Â½ Ã¯Â¿Â½ PAGE \* MERGEFORMAT Ã¯Â¿Â½1Ã¯Â¿Â½ Ã¯Â¿Â½Ã¯Â¿Â½ SUMMARIZING AND PRESENTING DATAÃ¯Â¿Â½ Ã¯Â¿Â½ PAGE \* MERGEFORMAT Ã¯Â¿Â½3Ã¯Â¿Â½ Ã¯Â¿Â½Ã¯Â¿Â½
Regional Integration of Mexico Paper
September 29, 2014
Mexico and the NAFTA Trading Bloc
According to Wikipedia (2014), regional integration is the process in which neighboring states enter into an agreement in order to upgrade cooperation through common institutions and rules. Regional integration is an important method that in order to work requires a country's willingness and its eagerness to participate with or to become one with another country. The extent of what is shared by the separate countries with each other determines what level of integration is being operated under. Different levels of integration tend to be reliant upon predetermined specifications. The separate levels are the pros and the cons of regional integration as well as how economic development is associated with potential business opportunities for the different countries.
Regional Integration for Mexico
NAFTA is a regulation that was implemented in 1994 in Mexico, Canada, and the United States. The purpose was to create improved trading environments through decreasing tariff, the elimination of investment blockades, and enhancing property protection. NAFTA has been able to aid Mexico's financial system in an agreement to the United States' financial system. This in turn has helped certain sales to other countries from Mexico. Sales increased greatly in the years 1993 and 1994 to 1997. Mexican operations had an increase of roughly 44%. The progress was obtained through the tariffs that had been decreased. With the decreased tariffs, certain products have the opportunity to expand and become less expensive and more of a competition in Mexico. Demands of goods would greatly increase
Removing of the barriers with tariffs, has investments greatly developing within Mexico. Employment is on...