Question

in what ways are mexico and eastern europe important for jobs?
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Answer 1

Answer:

North America is no longer the business world’s center of gravity. Western Europe is gradually melding into the world’s largest integrated market. The Asian Pacific Rim is now the world’s fastest growing economy. North American companies are understandably drawn to expanding their operations. But where?

Eastern Europe seems to be an area especially ripe for U.S. investment. Who has not been moved by images of throngs of young, educated people taking to the streets to demand democracy and free enterprise? What U.S. banker old enough to remember the Marshall Plan will not be tempted to explore new loan opportunities; what industrialist, new markets and sources of supply? According to an Opinion Research Corporation report recently cited in the Wall Street Journal, some 35% of the 1,500 largest U.S. corporations have indicated their intention to do business in Eastern Europe in the next 12 months.

Explanation:

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Answer 2

Answer:

They are looking in the wrong direction. Although Eastern Europe has tremendous potential, American companies have few sustainable advantages there. It is a simple matter of geography and history. In any economic region, leading companies will exploit the existing advantages of location and affinities of culture, tradition, and language—which is precisely why German (and to a lesser extent, French) banking and industry are now dominating development in Eastern and Central Europe, much as Japan’s hegemony in the Far East has grown beyond challenge.