The document discusses the author's preference for the Canada, Netherlands, Peru path for their MGB program. They believe this path is most interesting because these countries' economies are closely integrated through extensive international trade cooperation and free trade agreements. They discuss how Canada, the Netherlands, and Peru could provide lessons for Ecuador in areas like industrialization, agricultural exports, and implementing free trade agreements to strengthen economic ties. The author's overall goal is to learn from the MGB program and apply the successes of global business in each country to help Ecuador become more integrated in the global economy.
The document discusses the author's preference for the Canada, Netherlands, Peru path for their MGB program. They believe this path is most interesting because these countries' economies are closely integrated through extensive international trade cooperation and free trade agreements. They discuss how Canada, the Netherlands, and Peru could provide lessons for Ecuador in areas like industrialization, agricultural exports, and implementing free trade agreements to strengthen economic ties. The author's overall goal is to learn from the MGB program and apply the successes of global business in each country to help Ecuador become more integrated in the global economy.
The document discusses the author's preference for the Canada, Netherlands, Peru path for their MGB program. They believe this path is most interesting because these countries' economies are closely integrated through extensive international trade cooperation and free trade agreements. They discuss how Canada, the Netherlands, and Peru could provide lessons for Ecuador in areas like industrialization, agricultural exports, and implementing free trade agreements to strengthen economic ties. The author's overall goal is to learn from the MGB program and apply the successes of global business in each country to help Ecuador become more integrated in the global economy.
The document discusses the author's preference for the Canada, Netherlands, Peru path for their MGB program. They believe this path is most interesting because these countries' economies are closely integrated through extensive international trade cooperation and free trade agreements. They discuss how Canada, the Netherlands, and Peru could provide lessons for Ecuador in areas like industrialization, agricultural exports, and implementing free trade agreements to strengthen economic ties. The author's overall goal is to learn from the MGB program and apply the successes of global business in each country to help Ecuador become more integrated in the global economy.
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My preferred “Path” choice for my MGB program and
reasons for my preference, i.e. the Canada, Taiwan,
Austria path or the Canada, France, Korea path or the Canada, the Netherlands, Peru path. (In this essay, you may also indicate if you would be equally happy with either path.) With the MGB program taking place in countries throughout the world, the Canada, Netherlands and Peru path is most interesting to me. This is despite the attractive qualities of the other paths, such as Taiwan's strong relations and history of mutual cooperation with my home country of Ecuador; Korea’s dynamic economy; and Ecuador’s recent free trade agreement established with France. The third path of Canada, the Netherlands and Peru is my preferred path because these nations' economies are closely integrated with one another and with those of other countries. Logistically, the Netherlands is a key partner in positioning Canadian goods throughout Europe and Peru is Canada’s second-largest bilateral trading partner in South and Central America and the third-largest destination for Canadian direct investment in South and Central America. The extensive international trade cooperation and free trade agreements Canada, the Netherlands, and Peru have in place with each other particularly stands out to me. These partnerships will be interesting to consider in greater depth during the MGB program and will hopefully teach me lessons and allow me to develop ideas of how Ecuador can become more integrated in the global economy. NAFTA is the most well-known and impactful free trade agreement that comes to mind with respect to Canada. NAFTA eliminated trade barriers between the United States, Canada, and Mexico. Over the last 23 years of the agreement, Canada has experienced a sizable increase in trade with these countries of 63.5% at an adjusted inflation rate. The most notable benefit that Canada has earned is its boost in foreign direct investment, which increased 243% between 1993 and 2013. Ecuador could emulate two major aspects of NAFTA. First, a greater openness to foreign direct investment would help the country to expand and innovate through technological advancement. Second, Ecuador could focus on exporting the goods that its neighboring countries and other trade partners lack. While Canada is the United States' largest supplier of energy, Ecuador could similarly learn to intensely export the goods and services that other countries do not possess such as bananas and crustaceans rather than processed goods. With regards to the Netherlands, the country is the sixth- largest economy in the European Union, an industrialized nation, and a major exporter of agricultural products. It is also considered a transportation hub of Europe and its main industries center on food processing and mechanized agriculture. Furthermore, a strong bilateral relationship exists between the Netherlands and Canada. The Dutch account for the second largest source of foreign direct investment in Canada, which totals approximately $56.3 billion. Also, in 2012 the merchandise trade between them was valued at $8.1 billion. Ecuador, with its agriculture-based economy, should seek to hasten industrialization in the same sectors developed in the Netherlands. This will allow for greater quantities of Ecuadorian goods to be sold to foreign partners. To go along with this, the processing of foods and vegetables considered to be exotic by other countries should be part of Ecuador's development moving forward. In the case of Peru, its economy reflects its varied topography: an arid lowland coastal region, the central high sierra of the Andes, and the dense forest of the Amazon. This environment, where it is possible to find varied weather and lands, is atractive to investors. Furthermore, economic, political, and trade relations between Peru and Canada have grown considerably in recent years. Both nations are part of the Organizations of American States, the Pacific Alliance, and the Trans-Pacific Partnership. According to data following the Canada-Peru Free Trade Agreement of 2015, Canadian merchandise exports to Peru soon reached $858.3 million and Canadian merchandise imports from Peru reached $3.3 billion. Canadian foreign direct investment in Peru totalled $9.9 billion in 2015. Ecuador should seek to implement free trade agreements in the same way that Peru has, which will strengthen its economy. Taking part in more agreements like the Pacific Alliance would eliminate tariffs previously in place between member countries and would help to promote greater regional integration. Other key steps to take within these agreements would be to facilitate travel between countries through a common passport and to develop a common stock exchange. To go along with this, Ecuador, in the same way that Peru did, should seek to cultivate a safe domestic environment that generates consumer and investor confidence at home and abroad. As mentioned in my other essay, it is ultimately my goal to take the lessons learned from the MGB program and apply them to the case of Ecuador. Through the Canada, Netherlands and Peru path I will be able to get the most out of the program by learning the successes of global business in each country and benefiting from experiences outside of the classroom.
How The Integration of National Economies Into A Global System of Trade and Investment Provides Opportunities For Mutual Gains and Conflicts Over The Distribution of The Gains
How The Integration of National Economies Into A Global System of Trade and Investment Provides Opportunities For Mutual Gains and Conflicts Over The Distribution of The Gains
