Required Resources
Read/review the following resources for this activity:
- Textbook: Chapter 3
- Lesson.
- Minimum of 2 scholarly sources
Instructions
The various trade organizations and agreements discussed in the textbook and lessons affect a variety of industries, including healthcare. Choose an aspect of healthcare you would like to research. Some example might include medical devices, information technology, pharmaceuticals, public health, etc. Find at least two articles in the Chamberlain library that discuss your research topic and the effect of at least one global trade organization/agreement.
Write a 1.5 – 2 page essay explaining how the global marketplace affects your chosen topic. Your essay should include a summary of the trade agreement or organization chosen as well as the affects (both positive and negative) that agreement/organization has had on your given topic.
Writing Requirements (APA format)
- Length: 1.5 – 2 pages (not including title page or references page)
- 1-inch margins
- Double spaced
- 12-point Times New Roman font
- Title page
- References page (minimum of 2 scholarly sources)
SOLUTION
The chosen trade agreement is United States-Mexico-Canada Agreement (USMCA), which was initially North American Free Trade Agreement (NAFTA). The agreement came about after renegotiation on terms of trade initiated by the former president Donald Trump. USMCA is quite different from NAFTA, for instance, the medical devices are allotted in its own annex. This measure plays an integral role in ensuring that the medical devices are fit to be assigned to a committee that often meets to review the involved parties progress or cases of violations. This also gives room for grievances to be addressed in a timely manner. The countries in the agreement as well as the international community at large understand the essence of regulatory compliance both in the design stages and manufacture of medical devices. However, Villarreal and Fergusson (2019) note that the standards and measures on regulatory compliance are not really alike for all parties. Please click the purchase button to access the entire copy at $10