Back to category: Business Limited version - please login or register to view the entire paper. Why MBA The Free Trade Agreement of the Americas (FTAA) sparks much controversy about whether developing countries will suffer more than they will gain. South American business and individuals are now transferring hundreds of billions of dollars of economic resources to North America each year in terms of trade losses, debt servicing and profit outflows. In the South, multinationals are seen as routinely bribing politicians to gain a competitive edge over local rivals via changes to protective legislation, while imposing added costs through the requirements that cash strapped, high interest borrowers in the local economy to follow expensive developed nation standards in environmental stewardship. (responsibilities -action—activity-protections) It is important however for all sides to understand and agree to the primary aspect (attitude-feeling-necessity) that the FTAA has its merits. The new trade provisions will aid corporate success by removing governmental regulations and closing le... Posted by: Amy Hetzel Limited version - please login or register to view the entire paper. |
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