Enable increased integration on regulatory policies, product standards and customs procedures between member states to ease cross-border flows within the bloc. Largest blocs include theUnited States-Mexico-Canada Agreement (USMCA), theEuropean Union (EU), the African Continental Free Trade Area (AfCFTA...
In my book,The Great Rebalancing, I create a very simply four-country model (I call them the US, China, Mexico, and Brazil) in which China exports capital to the US, with Brazil and Mexico in balance, and show that China must consequently run a trade surplus, the US must run a trad...
Furthermore, it is likely that any impulses from reconstruction after the earthquake will have levelled off. However, because of the positive performance in the first half of the year, Japan is projected to record solid GDP growth in 2012 (IMF: 2.2 %; Postbank Research: 2.7 ...
The only thing the people who are arguing between China and the US being the gorilla of the 21st century will agree on is that the EU is *not* the next big thing. It's a stagnant raft of nationalities. If you're wondering, NAFTA (US-Canada-Mexico free trade zone) already outweighs...