North America International Business in the 21st Century: Alternative Legal Strategy — Mexico Case

Abstract: In the last 15 years, NAFTA has been one of the legal instruments that has driven the creation and consolidation of international business (IB) in the North American region around various productive sectors of goods and services, which has also led to the growth of supply and value and chains in this region. The current international business environment recognizes the need to incorporate new issues and actions that seek to continue or deepen the interdependence of economies within a region to improve and maintain their economic and social development. This approach identifies international trade policy as the main way — through regional international trade agreements — to achieve these objectives but it is not the only one, there are governmental actions around the negotiation, assimilation and application of national legal frameworks that can be as or more efficient to build an efficient and secure international business environment for the North American region and other regions of the world.

Key words: international business; North America; NAFTA; negotiation; assimilation; application

JEL code: K0