Colombia Regional Integration for and Against Articles
COLOMBIA REGIONAL INTEGRATION FOR AGAINST ARTICLES Colombia Regional Integration for and Against Articles Stephen Aguayo University of Phoenix MGT 448: Global Business Strategies Group: PA09BSM11 Professor Matthew Mulyanto; MBA; BSEE December 15, 2009 Colombia Globalization has brought unbelievable advantages to the humanity. There is modest disbelief that globalization can be an influential tool for extended financial growth.
By combining the economy together of diverse nations from Central America, for example Colombia, have trying to expand competitive developments in order to create lucrative businesses that are connected with the liberated trade agreements. Colombia as well as other nations from Central America is representing their pledge to increase and produce the financial prospects that will sustain a better way of livelihood for everybody in Central America. Economic development and Free trade have assisted Colombia to develop.
Colombia’s economy is gradually rising due to their incapability to hold a forceful unwilling poverty program. The populace of Colombia is not capable to distribute the economy equally. Other disagreements have risen that are most important to income loss and the modification of urban jobs. These issues have been brought up when CAFTA was created along with the execution of the Multi-Fiber Agreement supplementary challenges that CAFTA faced where harmonization of taxation, customs integration, fiscal conditions, ecological and sanitary procedures.
In order to attain benefits from future global trade opportunities and CAFTA, Colombia along with the Mexican governments have had to advance their method they contend by reducing procedure expenses across their boundaries; balancing national commercial, tariffs, labor and environmental policies and laws. The natural resources that come from Columbia are useful in aiding them to expand. Exporting coffee, flowers, gold, and petroleum have been an exceptional method to elevate the economy. The government of Colombia is projected to create sensible monetary choices for the use and help agriculture farms.
The people of Colombia, through remarkable economic gains, will be capable to obtain a better standard of livelihood along with enhanced domestic commerce. The disadvantage for Colombia is their diminutive volume of the wealth. Their domestic resources are restricted, which do not permit for increasing to the economic activities. The elevated reliance of goods for export put down Colombia’s financial system vulnerable. Opportunities for economic growth are rather limited and dependent on external factors, which create a rise of economic unsteadiness. In Colombia, the thought of globalization is being in use slowly by the populace.
The citizens of Colombia have slowly retorted by voting in opposition to certain concerns and some people have protested in the streets. The public, due to this type of reaction, have lifted the apprehension about CAFTA. The government wants the people of Colombia to comprehend that the growth of the market is necessary in order to multiply and to create the economy. Local integration has become a very important benefit to global business, and will succeed in creating various opportunities between Colombia and neighboring nations to promote free trade and to unlock their borders.
The contradictory way of life of Colombia makes it difficult for everyone to move toward with an agreement on specific issues. Unfortunately, there is constantly going to be concern and controversy in conformity particularly if one or more country stands to profit while another struggles. However the countries will keep experiencing a better economic development resulting from the quality of life and the regional integration among these nations thus improving as an outcome. Reference Colombia. 2008). Columbia. Retrieved on December 15, 2009, from http://www. usaid. gov/policy/budget/cbj2006/lac/car. html Central American Free Trade Agreement (2005). Colombia. Retrieved on December 15, 2009 from http://www. washingtonpost. com/wp-dyn/content/article/2005/07/10/AR2005071000995. html Hill, C. W. (2009). International business. Competing in the global marketplace (7th ed. ). Boston: McGraw-Hill. Retrieved December 15, 2009, from https://ecampus. phoenix. edu/content/eBookLibrary2/content/
