TEAM 1 NAFTA VERSUS EU

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TEAM 1: NAFTA VERSUS EUname:PROF’S NAME:INSTITUTION:DUE DATE:IntroductionBoth NAFTA ‘North American Free Trade Agreement’ and EU ‘European union’ areamong the global largest economies.Additionally, for a nation to meet the competition, it has to be highly competitive.For this presentation, we will be addressing the two nations using graphs.The growth of Per capita growthNAFTAEuropean Union( The World Bank,2019)Inflation rateUnemployment ratesThe presentation exportation rates(The World Bank,2019)National debt to GDP percentage: EUNAFTAReasons for varied growthThe EU economy has grown better than NAFTA due to the free people’s movement. Thisallows them to transact business in other nations and attract income.EU also uses a common currency, unlike NAFTA, which increases economic growth.There are people movement restrictions along NAFTA’s borders which limits themovement of goods and services.Analysis of trade statistic distortionThe value-added trade approach reduces the issues related to bilateral trade that hindertrading activities with other nations.This helps goods from one country to reach other nations globally.The products with comparative advantageEU has a relatively lower comparative trade advantage compared to NAFTA due to itsbetter manufacturing industries.Additionally, NAFTA has received a better comparative advantage the US vehiclemanuf … Purchase document to see full attachment

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