Global Business Integration

Paper Summary:

This document discusses the role that regional integration plays within the context of global business and enterprise. The paper uses the example of the World Trade Organization to highlight the importance that a unified trade apparatus among nations plays in developing a global economy. Additionally, the paper examines the interaction between the WTO and regional trade bodies ASEAN and CAFTA with respect to Asia continued economic integration.

From the Paper:

"Over the last 20 years, in tandem with the spread of globalization as the world's leading economic and financial model, the World Trade Organization (WTO) and its function as the leading international trade facilitator, has been the leading agent in the promotion of global business. In tandem with other international bodies, the WTO has spearheaded global business practices founded on the principles of free and fair trade and nowhere has this effect been more pronounced than in Asia and particularly in China (Mendoza & Bahadur, 2002, paras.2-8)."

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