Trade and economic integration dominants in North America countries' interaction

Olha Yatsenko, Vitalii Nitsenko, Tetiana Tananaiko, Beata Szetela, Alla Kobylianska
2019 Journal of International Studies  
Under the conditions of deepening economic globalization and changes in regional integration unions functioning, formation and support of mutually beneficial and effective cooperation between countries is an important issue. Despite geographic proximity, cultural similarities and high efficiency of economic interactions, current state of the US-Canada trade cooperation worsens due to the ambitions of the USA as a global economic leader, alongside with unresolved trade disputes and increasing
more » ... s and increasing deficit of trade in goods and services. According to the analysis of the US-Canada external trade, it was concluded that due to long-lasting trade, the related supply chains have become highly integrated. The USA buys mostly raw materials and semi-finished products which are then used in
doi:10.14254/2071-8330.2019/12-3/22 fatcat:orxorwqofrghxpyembbdpqxcuu