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zimovet [89]
3 years ago
13

What would the free trade agreement of the Americas do

Geography
1 answer:
Alecsey [184]3 years ago
6 0

Hi,

Free trade will;

• Increase economic growth

• Create a more dynamic business environment

• Lower government spending

• Facilitate technology transfer

Explanation

A free trade agreement is a treaty that regulates the tariffs, tax and duty imposed by countries on imports and exports. For example the North American Free Trade Agreement (NAFTA). NAFTA is able to boost economic growth of the region by 0.5% every year. Free trade eliminates protection on businesses motivating them to attain global competition. Subsides that are removed due to free trade agreements can be used by the government to fund other projects.

Best wishes!

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Explanation:

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One similarity of these two regions is that both of them have natural barriers, which throughout history have helped a lot in their protection. The Indian subcontinent has only two natural barriers, the Himalayas, which are massive and occupy almost the entirety of the northern part of the region, and the ocean. East Asia has multiple natural barriers, including the Himalayas, Taklamakan Desert, several seas, and the taiga.

One big difference between the regions is that in India there are much higher percentage of educated people that are fluent in English than in East Asia. This is mostly because India is a former British colony, so the English language is a legacy from the colonialism, but it is also seen as advantageous when looking for jobs.

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