International Treaties and Trade

Jorge Aguirre Cuevas

A00817431

ITT Group 2

Notes (Week 2)

Globalization

• Interdependence and integration among countries
• It’s a general meaning that involves:

• Economics                                
• Religion
• Culture
• Politics
• Infrastructure
• Ideas
• Share of the information
• Innovation
• Trade

• Bad things are being globalized such as:

• Transnational Crime
• Terrorism
• Culture Appropriate
• Immigration
• Environmental problems
• Wealth inequality

Globalization: It’s a merge of many issues all over the world, it evolved to include services, intellectual property, labor force and capital not only trade of goods.

• Sometimes the countries need to do stranger things in order to improve the common wealth of the country.  
• Some countries take advantage of things that they can do, they need to look for another alternative
• The Mexican government negotiated the NAFTA agreement and two things happened

• NAFTA should be renegotiated including labor and environmental issues and it is a parallel agreement
• All the laws and restrictions were different in Mexico

Mexico’s Globalization

• A lot of Foreign investment
• We evolved in a more sophisticated production system (high quality, sophisticated goods)
• The market is better, consumer is better
• Lower prices for the people
• After NAFTA, big players were able to compete international but the small companies got more troubles
• The mentality of the people has changed, the peoples changed and now they have international opportunities

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