Skoorb
What do you think of the new media coglomeration. I liked my papers old web site better

Globals sites are hard to navigate.
Any way More important?
Not really.
July 27 /CNW/ - Mexico is a growing force on the North American
trade scene, according to a new report, NAFTA Quarterly, released today by
Scotia Economics.
"Over the past decade, Mexico has been able to build upon its favourable
production and cost position to capture a larger share of the important U.S.
market," says Adrienne Warren, Senior Economist, Scotiabank. "While Canada
maintained a stable 19% share of U.S. imports in the 1990s - retaining its
status as the United States' chief trading partner - Mexico's share has almost
doubled to 11%. If current trends persist, within a decade Mexico could
surpass Canada as the United States' largest trading partner."
According to the report, between 1990 and 2000, world trade volumes rose
at an average annual rate of 6 1/2% - more than three times the increase in
global production. Trade as a share of world GDP - a proxy for globalization -
rose to a record 20% in 2000. This represents an increase of more than five
percentage points since the mid-1980s. Over the past decade, North America has
been a major force behind the acceleration in global trade. However, the
pattern of trade within the region has changed significantly.
"One important development behind the rise in North American trade has
been the rapid increase in two-way trade in similar products, allowing firms
to exploit economies of scale and vertical specialization in production, and
build upon traditional commodity strengths," says Warren. "These intra-
industry linkages have become particularly important to producers of office
and telecommunications equipment and automotive products."
The economists predict that over the next few years rising protectionist
sentiments and trade frictions will pose a growing challenge for all three
NAFTA nations. These destabilizing pressures, often relatively muted in boom
times, tend to be heightened in periods of slowing economic growth. Looking
further ahead, however, they expect the importance of trade in North America
will continue to grow, the natural consequence of globalization as well as
concerted trade liberalization efforts within the region.
"As one of the most trade oriented of the OECD nations, Canada has the
potential to benefit immensely," concludes Warren. "Merchandise exports
accounted for 40% of Canada's GDP in 2000, almost double the G7 average and
well above comparable figures for Mexico or the United States. Canada moved up
to 6th place in world value of its exports in 1999 and, of the top 10,
witnessed the fastest rate of export growth."