Concepts

Concepts

1. Neo-liberalism

   • Neoliberalism is a policy model—bridging politics, social studies, and economics—that seeks to transfer control of economic factors to the private sector from the public sector. It tends towards free-market capitalism and away from government spending, regulation, and public ownership.

2. NAFTA

   • NAFTA also known as the North American Free Trade Agreement is an organization which which eliminates most tariffs on trade among Mexico, Canada, and the United States

3. Economic Integration

   • Economic integration is an arrangement among nations that typically includes the reduction or elimination of trade barriers and the coordination of monetary and fiscal policies. Economic integration aims to reduce costs for both consumers and producers and to increase trade between the countries involved in the agreement.