Integration And Economic Integration
This paper will propose that a trilateral approach to policy collaboration is crucial to furthering economic integration …show more content…
When two parties are negotiating they are more likely to focus on individual and specific interests, with three parties the concern will be shifted to creating rules that will govern their actions in order to prevent domination by a larger power.
“Even though Canada and Mexico rank among the 10 largest economies in the world, their GDP is, respectively, only one-fourteenth and one-sixteenth the size of the U.S. economy” (Fry, 2003). The US is a global superpower, this large wealth and power inequality makes a truly equal relationship inconceivable (Pastor, 2008). The Canadian and Mexican economic prosperity is largely dependent on their unimpaired access to the US market (Fry, 2003). However, Canada and Mexico also have an immense impact on the US economically, socially, and politically (Pastor, 2008).
These three countries constitute around one-fourth of global GDP and combined they make up the largest geographical free trade area (Schultz, 2013). There is potential for them in collaboration to become a North American superpower. The fates of these three countries are largely interconnected, it is also in the best interest of all the players to cooperate in order to reduce the threats they pose to one another in dissent. Having closer bonds to neighboring countries will only help reach their full potential as economic, political and trade