Regional Paper
Globalization has brought incredible benefits to the world. There is little doubt that globalization can be a powerful tool for prolonged economic growth. The role of regional integration in supporting global business does not happen immediately. "Global business is made possible to help other countries in their own area create trade negotiations by using policy and regulatory reform" (Feketekuty, 2007). Some developing nations are worried about the dangers of integrating with other countries, even though this will lead to more economical goods and services, along with increasing the economy.
By joining the economies together various countries from Central America have been trying to develop competitive improvements in order to make profitable businesses that are associated with the free trade agreements. "As soon as Central America was introduced to the strength of the U.S.-Central American Free Trade Agreement (CAFTA), a high trade priority that the second term of President Bush's Administration helped create for regions like Dominican Republic, will join the historic trade with the United States" (CAFTA, 2005). The countries from Central America are demonstrating their commitment to produce and increase the financial opportunities that will support a better way of living for everyone in Central America.
Free trade and economic development have helped many countries expand. Central America's economy is slowly rising due to their inability to handle an aggressive anti-poverty agenda (Central América Regional, 2007). The resident of the countries of Central America are not able to share the economics equally. Other quarrels have rose that are leading to risks of profit loss and the change of ...