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    Running Head: The Emerging Markets of Latin America 1

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    davidinmexico
    This document discusses the emerging markets of Latin America and how to take advantage of them. It describes factors driving globalization like declining trade barriers through agreements like GATT and NAFTA. These agreements have reduced tariffs and encouraged trade between nations. The document also notes political and legal risks that must be considered when developing strategies for Latin American markets.

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    Running Head: The Emerging Markets of Latin America 1

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    davidinmexico
    37 views5 pages
    This document discusses the emerging markets of Latin America and how to take advantage of them. It describes factors driving globalization like declining trade barriers through agreements like GATT and NAFTA. These agreements have reduced tariffs and encouraged trade between nations. The document also notes political and legal risks that must be considered when developing strategies for Latin American markets.

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    This document discusses the emerging markets of Latin America and how to take advantage of them. It describes factors driving globalization like declining trade barriers through agreements like GATT and NAFTA. These agreements have reduced tariffs and encouraged trade between nations. The document also notes political and legal risks that must be considered when developing strategies for Latin American markets.

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    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    37 views5 pages

    Running Head: The Emerging Markets of Latin America 1

    Uploaded by

    davidinmexico
    This document discusses the emerging markets of Latin America and how to take advantage of them. It describes factors driving globalization like declining trade barriers through agreements like GATT and NAFTA. These agreements have reduced tariffs and encouraged trade between nations. The document also notes political and legal risks that must be considered when developing strategies for Latin American markets.

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    Running head: THE EMERGING MARKETS OF LATIN AMERICA

    Taking Advantage of the Emerging Markets of Latin America David Gilley Thomas Edison State College International Management/MAN-372-OL009 October 31, 2013 Professor Baker

    THE EMERGING MARKETS OF LATIN AMERICA Abstract (if needed)[replace]

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    THE EMERGING MARKETS OF LATIN AMERICA Taking Advantage of the Emerging Markets of Latin America In todays world, there is an increasing trend towards globalization, or the increasing interdependence of different countries and economies. This is a complex process that involves a

    multitude of factors which are debated even by expert economists; however, there are undeniable factors that are involved which, when identified, can help to achieve successful participation in the global marketplace. There are many different ways to participate and to benefit from globalization, but they all require a strategic focus on the particular market in question. One fatal error, regardless of the strategy chosen, is to fall into the belief that different cultures and situations around the world are essentially the same. This oversimplification is dangerous because it tends to focus only on superficial issues, while serious social and cultural gaffes can take place because of the individuals false belief that the differences are insignificant or nonexistent. Other factors which must be considered in developing a strategy for the Latin American market include political and legal barriers to trade, which present a certain level of risk in any market, but are especially volatile in certain emerging markets (Hill, 2011, p. 33). Globalization and Drives of Globalization Declining Barriers to Trade One of the primary factors which has been driving the ever-increasing globalization of the market is the steady reduction of barriers to trade in most countries throughout the world. This phenomenon began after the Second World War, and has contributed immensely to the huge increase in trade between foreign countries (Hill, 2011, p. 11). The past sixty years have seen many different international treaties and trade agreements which have had the goal of encouraging international commerce while at the same time attempting to protect domestic jobs and economies. The General Agreement on Tariffs and Trade is one example, and the

    THE EMERGING MARKETS OF LATIN AMERICA negotiation concerning the fomenting of a greater flow of goods and services between nations with minimal barriers has played a significant role in reducing average tariff rates and in

    encouraging nations to stand by the agreements made. The GATT also led to the founding of the World Trade Organization in 1995 to provide a more effective policy-setting and conflict resolution environment (WTO, 2012). Another important agreement was the North American Free Trade Agreement, or NAFTA, which governs trade between the U.S., Canada, and Mexico. NAFTA was signed by all three countries, and took effect on January 1st, 1994. It was hotly debated, and very publicized, as many different groups felt that it may hurt long-term interests, and that it unfairly favored large corporations and firms (Burfisher, Robinson, & Thierfelder, 2001). In the end, however, it has made Mexico a much more attractive location for U.S. businesses, and also a great source of raw materials or components. Heading for Section 2 of Your Paper (Must be bold!) [Cover the second main topic of your paper in this section.] Heading for Section 3 of Your Paper (Must be bold!) [Cover the third main topic of your paper in this section.] Conclusion [This is the where the conclusion of your paper goes.]

    THE EMERGING MARKETS OF LATIN AMERICA References

    Hanging indent for all references. To keep this format, simply place the cursor at the front of this line and paste or type your reference material. Then press enter. Remember to organize your references alphabetically. Remember to delete this line of text and any other template text before submitting your paper.

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