International Business and Economic Integration: Comparative Business Strategies Past and Present

There is no more important global economic public policy today than that of economic integration. In every major region of the world, governments are pushing economic groupings that are common markets or have the potential to become such instruments of economic integration. The European Community (EC) is moving through this year, popularly called EC 92, towards 1 January, 1993, when it should have completed creation of a tariff-free internal market for goods and services. Canada and the United States began a free trade arrangement on 1 January 1989. Mexico and the United States are negotiating a similar pact; Canada has joined these discussions, which may produce a North American Free Trade Agreement (NAFTA). The Caribbean Economic Community (CARICOM) is struggling to build a common external tariff wall. In South America members of the