NAFTA
Integrated, as a single economic block.
The economies of the United States, Canada and Mexico have become increasingly integrated.The three countries no longer buy items from each other, but nowadays build things together. The best example are motor vehicles: a passenger car may have an American engine, Canadian-made chassis, and interiors and final assembly made in Mexico. This means that companies located among the three countries build the car together, then sell it within the region or to other markets, such as Japan and Europe.
Canada Mexico puerto Rico england Australia France Italy
Canada Mexico Puerto Rico Austrailla France Italy England
Globalization is the process by which economies and cultures are many nations become integrated and interrelated.
why consolidated financial statements become increasingly important when purchase differential is very large?
the most efficient use of resources in producing what people want
Mexico neighbors the United States, Guatemala and Belize, and on a more regional scale, Canada and the rest of Latin America. Each country is affected depending on how advanced is its economy; in the case of the United States, it has become the largest free market in the world, and most globalization steps have been promoted by American transnational corporations which operate and have branches on most countries around the world. As for Canada, its has had a fair share of companies going global, such as Scotiabank and several mining companies operating in Mexico and Latin America. As for Latin America in general, the region has become a large supplier of natural resources for other countries such as the United States or China, including high-value commodities such as oil, gold, lithium and rare earths. The only exception is Mexico, which exports manufactured goods and on a lesser scale, oil to the United States.
Economies are most efficient when there is competition.
No. Maybe Canada and the United States, but Mexico is a developing country and the effort required to integrate it would be very difficult. For instance:Mexico's population is mostly Spanish speaking.Mexico's GDP per capita is 20-25% of United States' GDP per capita.Many Mexican standards are very different from those found in the US and Canada.
Land.
Divergent Evolution :)