Please enable JavaScript.

Coggle requires JavaScript to display documents.

Theme 4 Paper One, Advantages: Increased productivity and skill of…

- - - - Advantages:
        
        lower fixed costs
        
        reduced start up time
        
        Disadvantages:
        
        building may need maitenance (costly)
        
        Government regulations may disrupt plans
    - - Advantages:
        
        creates jobs
        
        brings technology to new markets
        
        Disadvantages:
        
        high risk investment
        
        high market entry cost (barriers)
- - - - The EU:
        
        it developed a single market, which guarantees the free movement of people, goods, services and capital through member states. Once goods enter the EU border, they are not subject to customs duties/tariffs/import quotas
      - ASEAN:
        
        promotes regional peace, free flow of goods
        
        a common market
        cooperation includes: infrastructure/communications/labour policies/financial policies
      - NAFTA:
        
        agree to eliminate tariffs on most manufactured goods and treat investors from the other two countries as if they were domestic investors
        
        free trade area - they do not aspire to the level of integration of the EU