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North America

 

The North American economy is a diverse one, the US and Canada have a modern and sophisticated economic system, while the economy of Mexico is still undergoing major developments in power, transportation and manufacturing. When the North American Free Trade Agreement between the United States, Canada and Mexico (NAFTA) entered into force, trade between the partners began to soar. Eliminating trade barriers in various service sectors, reducing high tariffs and assuring fair market value to investors by reducing risk and offering legal rights. The US economy is the world’s largest and most technologically developed economy in the world, with a per capita GDP of $46,900.  In 2011, US trade with Mexico and Canada exceeded $1 trillion for the first time. The three nations are launching a new effort to get rid of outdated regulations that stifle job creation, eliminate and simplify regulations in order to make their joint economies stronger. US stock exchanges play a crucial role in the context of the country’s economy, providing a clear picture of upward or downward movement of the US economy.