Article Abstract:
Spain, Italy and Austria are seen to offer trade and investment opportunities for US firms even though they are not 'centrally' located in the region. Austria, which boasts of a sound macroeconomic performance, offers top office spaces in Vienna for around 25% less than comparable space in New York, NY. Meanwhile, Spain and Italy both need to find a way to control their economies as they let go of the capacity to manipulate their respective currencies.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
China remains a key market for US corporations which desire to establish a succesful Asian presence. Hong Kong is evolving from a middleman for firms doing business in China to a world city of Asia may be the most cost-effective place to establish an operation in the Far East as it is Asia's financial center. China's opening to world trade means that it will also open to Hong Kong, which has become its biggest source of foreign investment. Shanghai is also the place to establish an office in mainland China as it has been China's long-time business center and is growing rapidly.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
Bilateral and multilateral trade agreements dot the world landscape, promoting trade within the economic blocs. The Big Three economic groupings are the North American Free Trade Agreement (NAFTA), the European Union (EU), and Mercosur (The Southern Cone Common Market). Other major blocs are the Association of Southeast Asian Nations (ASEAN), the Lome Convention, the Andean Community and the Schengen Agreement.
User Contributions:
Comment about this article or add new information about this topic: