How Does The EU Compare With The North And South American, NAFTA Model Of Economic Cooperation

Issues involved in developing an integrated economic union such as the European Union (EU). How does the EU compare with the North and South American, NAFTA model of economic cooperation? Speculate on the future of global competitiveness that arises from these economic partnerships.


If we follow the reasoning we have had here above, we may strongly assert that, in terms of future global competitiveness, the European Union has by far the best chances to become the main economic power of the globe. Further more, we may expect its products to become more competitive on foreign markets and we will give out several reasons here below.

First of all, the European Union is, at this point, ...

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that may be mentioned is that the production costs and, in general, the costs of operations are diminished. The transfer of capital implied years ago several procedures that cost time and money. Now, it is just as easy to transfer capitals from Britain to Italy as it is to move money from London to Liverpool. This means that the cost of production is lowered. Not only the capital needs to be taken into consideration. Moving goods around without paying customs taxes means that these goods will have a lower price when they sell. And if we are referring to materials to be used further in manufacturing, then we see that the European goods made with such materials will be more competitive on the international markets because they will be sold at a smaller price.

I have described so far why the European Union will become more competitive on the international markets in terms of price. Let's now briefly discuss quality. I am hereby asserting that the quality of the goods ...

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Added: 9/21/2016 04:06:23 AM
Category: Economics
Type: Premium Paper
Words: 671
Pages: 3

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