PRDV222: Management: Historical Development and Globalization

Read this section, which provides insight into the various ways to minimize and/or remove trade barriers, a process that directly supports the concept of free trade among designated nations. One example of this idea is NAFTA (the North American Free Trade Agreement), an agreement among the United States, Mexico, and Canada. This reading also introduces you to initiatives that countries and international organizations are taking to bridge the gap between developing and developed economies, allowing rapid growth in emerging markets and encouraging competition on a global scale.