Assignment:
"Cultural Elements" Please respond to the following:
• From the e-Activity, discuss how the increase in exporting and importing will affect a country's culture. How does the involvement of international organizations, such as the World Trade Organization, have an effect on the culture of individual countries? Do you believe the merging of cultures will increase or decrease the product offerings?
• From the e-Activity, discuss the pros and cons of the World Trade Organization (WTO) and its ability to negotiate against protectionism.
Discuss the practice of countries limiting the importing of products to their country in order to preserve its heritage.
"Economic Elements" Please respond to the following:
• The role of governmental regulation differs worldwide. The goal of trade agreements is free trade among countries within the agreement. Describe the negative and positive impacts that the North American Free Trade Agreement (NAFTA) has caused on product quality, the labor market, product pricing, product availability, and selection in the U.S.
• Discuss the progression of NAFTA. Has it increased the regulations on products in Mexico and Canada? How has NAFTA affected the regulations on the products in the U.S.?