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Course: Global Business and Economics MBA6300
In recent years, some researchers (most notably, Alan Rugman) have argued that rather than becoming an increasingly "global" economy, the world has become a more "regional" economy, as evidenced by the increase in regional trade agreements. With the recent and proposed changes to the national and global economies, we are experiencing an interesting time in our macroeconomic history. The United States is beginning to reverse this "regional" trend by withdrawing from the Trans-Pacific Partnership (TPP) as well as renegotiating the North American Free Trade Agreement (NAFTA).
What are your thoughts on this statement?
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