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Essay / Research Paper Abstract
8 pages in length. Regional integration is more than a logical response to the process of globalization; indeed, it represents the fundamental survival of lesser competitive global communities by way of "generat[ing] sufficient economic activity, improve[ing] efficiency, heighten[ing] competition, attract[ing] investments, and thus creat[ing] jobs" (Severino, 2002). That the very nature of applying a worldwide scope to commerce stands to leave behind those countries ill-equipped to compete – financially, technologically and/or production-wise – is clear enough reason why regional integration is a wholly logical response to the ever-growing process of globalization. Bibliography lists 9 sources.
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8 pages (~225 words per page)
File: LM1_TLCRegIntGl.rtf
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communities by way of "generat[ing] sufficient economic activity, improve[ing] efficiency, heighten[ing] competition, attract[ing] investments, and thus creat[ing] jobs" (Severino, 2002). That the very nature of applying a worldwide scope
to commerce stands to leave behind those countries ill-equipped to compete - financially, technologically and/or production-wise - is clear enough reason why regional integration is a wholly logical response to
the ever-growing process of globalization. II. GOVERNING FAIR TRADE Various Acts and Agreements have been implemented as a means by which to
ensure the security of fair trade for regional integration. The North American Free Trade Agreement (NAFTA) was established as a means by which Canada, Mexico and the United States
could effectively bolster their economies, their work forces and their political status. In more finite terms, it was formed to promote a climate of fair marketing, improve investment opportunities,
protect industrial and intellectual property rights, as well as "establish procedures for the resolution of disputes" (Hinkelman, 1997, p. PG). Going in, there were a number of concerns voiced
by those who did not believe the Agreement would hold to its promises even before it was implemented; others had full confidence in its ability to benefit all countries involved.
Several years have passed since the treaty was executed. How has it stood the test of time? Is there a future for it and other similar agreements
that are waiting in the wings? Industry analysts are divided as to whether or not NAFTA has truly lived up to what President Clinton proposed it would be, with
some saying the job market did, indeed, profit from its existence, and others contending that there are more people out of work or earning lower wages than ever before.
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