Question
(a)When NAFTA was being debated in the U.S. Congress, Representative Jerry Lewis of California said: Bill Johnson owns the largest Caterpillar distributorship in the West.
(a)When NAFTA was being debated in the U.S. Congress, Representative Jerry Lewis of California said: "Bill Johnson owns the largest Caterpillar distributorship in the West. There is currently a 20% tariff on his products sold in Mexico. Caterpillar has a 50 percent share of the Mexican market. The other half is dominated by Komatsu Company of Japan. Bill says, 'Imagine what will happen when the 20 percent tariff comes off our tractors and it remains on the ones from Japan.' Under what circumstances will this effect of NAFTA be beneficial, and when will it be harmful, to (i) the U.S., (ii) Mexico, and (iii) Japan?
(b)Cite some recent examples of foreign direct investment. Is foreign direct investment beneficial to the host country? What problems (give examples--China, India, Nigeria,) are associated with foreign direct investment? What influence does foreign investment (direct and portfolio) have on the BOP statistics and public attitudes?
(c)Canada -United States Free Trade Agreement (NAFTA). Who is befitted the most and who/what is harmed? What is the Impact of these issues on decision making?(a)When NAFTA was being debated in the U.S. Congress, Representative Jerry Lewis of California said: "Bill Johnson owns the largest Caterpillar distributorship in the West. There is currently a 20% tariff on his products sold in Mexico. Caterpillar has a 50 percent share of the Mexican market. The other half is dominated by Komatsu Company of Japan. Bill says, 'Imagine what will happen when the 20 percent tariff comes off our tractors and it remains on the ones from Japan.' Under what circumstances will this effect of NAFTA be beneficial, and when will it be harmful, to (i) the U.S., (ii) Mexico, and (iii) Japan?
(b)Cite some recent examples of foreign direct investment. Is foreign direct investment beneficial to the host country? What problems (give examples--China, India, Nigeria,) are associated with foreign direct investment? What influence does foreign investment (direct and portfolio) have on the BOP statistics and public attitudes?
(c)Canada -United States Free Trade Agreement (NAFTA). Who is befitted the most and who/what is harmed? What is the Impact of these issues on decision making?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started