How NAFTA has affected the financial service industries in the United States, Canada, and Mexico

Essay specific features

 

Issue:

Business

 

Written by:

Robert H

 

Date added:

June 8, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1475

 

Was viewed:

5854 times

 

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Essay content:

Although the market access to Mexico's financial industry has been gradual, U.S. banks, insurers and financial companies have free and fair access to Mexico. Further, in contrast to Canada, the United States has had strong historical ties with Mexico and this familiarity is expected to provide an advantage to the United States in Mexico...
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In the years to come, further growth of business for U.S. banks and financial institutions because of NAFTA can be expected. A key impact of the financial services sector is that U.S. banks and financial institutions will be forced to improve their competitiveness. The McFadden Act (1927) and the Glass-Steagall Act (1933) limited branch-based banks and restricted services offered by financial institutions calling for the separation of commercial banks and investment banking...
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