BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

Economic Integration of North American Countries: Challenges and Development Prospects
Varlamova M. L., Kushko Z. I.

Varlamova, Mariia L., and Kushko, Zoriana I. (2025) “Economic Integration of North American Countries: Challenges and Development Prospects.” Business Inform 4:66–73.
https://doi.org/10.32983/2222-4459-2025-4-66-73

Section: International Economic Relations

Article is written in Ukrainian
Downloads/views: 0

Download article (pdf) -

UDC 339.9

Abstract:
The article examines the process of economic integration of North American countries based on the new USMCA agreement, which emerged in response to the challenges of globalization and the transformation of global trade networks. Special attention is given to the stages of transition from the North American Free Trade Agreement (NAFTA) to USMCA, discussing the social, environmental, and technological aspects that are important for shaping new rules of economic interaction. The article underlines that the new agreement regulates minimum wages, environmental requirements, and the protection of intellectual property rights, ensuring more inclusive and balanced economic integration for the participating countries. The analysis of trade volume dynamics since the signing of USMCA concludes that exports and imports of goods between the USA, Canada, and Mexico demonstrate steady growth, indicating the depth of economic interaction. The data shows a simplification of customs control, harmonization of technical standards, and strengthening of supply chains between countries. However, issues such as the worsening trade balance of the United States require a serious review of foreign trade strategies and active support for export potential. The research also demonstrates that foreign direct investment in North America has increased after the implementation of USMCA, indicating a positive impact of the agreement on the region’s attractiveness for foreign investors. This increase in investment emphasizes the importance of integration associations for stable economic development and strengthening the economic competitiveness of participating countries. It is further substantiated that the integration processes in North America, particularly through the USMCA, are essential for sustainable development and adaptation to new global challenges. Recommendations focus on the need for flexibility in agreements, which will allow preserving the balance of interests of all participating countries, ensuring benefits for all participants in the integration process.

Keywords: international economic integration, free trade zone, foreign trade, exports, imports, USMCA, North America.

Fig.: 3. Tabl.: 3. Bibl.: 10.

Varlamova Mariia L. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of International Economic Relations, Vasyl’ Stus Donetsk National University (21 600-richchia Str., Vinnytsia, 21021, Ukraine)
Email: [email protected]
Kushko Zoriana I. – Student, Vasyl’ Stus Donetsk National University (21 600-richchia Str., Vinnytsia, 21021, Ukraine)
Email: [email protected]

List of references in article

Bezrukova, N. V., & Dzhurka, N. V. (2018). Ekonomichni vidnosyny krain-chleniv NAFTA: otsinka rezultativ spivpratsi. Efektyvna ekonomika, (12). https://doi.org/10.32702/2307-2105-2018.12.79
Blais, L., Guti?rrez, G., & Wayne, E. A. (2024). Strengthening USMCA and North America’s economic cooperation. Brookings. https://www.brookings.edu/articles/strengthening-usmca-and-north-americas-economic-cooperation/
Council on Foreign Relations. (n.d.). Trump and the future of the USMCA. https://www.cfr.org/expert-brief/trump-and-future-usmca
Harrup, A., & P?rez, S. (2025). How Mexico emerged from tariff broadside with an edge over Asia. The Wall Street Journal. https://www.wsj.com/economy/trade/how-mexico-emerged-from-tariff-broadside-with-an-edge-over-asia-120a5f73
Ivchuk, V. (2023). Intekhratsiini protsesy v krainakh Pivnichnoi Ameryky. In Upravlinnia rozvytkom sotsialno-ekonomichnykh system: hlobalizatsiia, pidpryiemnytstvo, stale ekonomichne zrostannia: pratsi XXIII Mizhnarodnoi naukovoi konferentsii studentiv, aspirantiv ta molodykh vchenykh (Vinnytsia, 21 hrudnia 2023 r.) (pp. 54–56). Vinnytsia.
Mahoney, C. J. (2025). Back to the brink: North American trade in the 2nd Trump administration. Brookings. https://www.brookings.edu/articles/back-to-the-brink-north-american-trade-in-the-2nd-trump-administration/
McKibbin, W., Hogan, M., & Noland, M. (2024). The international economic implications of a second Trump presidency (PIIE Working Paper, September 2024). https://www.piie.com/sites/default/files/2024-09/wp24-20.pdf
Unctadstat. (n.d.). https://unctadstat.unctad.org/
United States Trade Representative. (n.d.). United States-Mexico-Canada Agreement. https://ustr.gov/trade-agreements/free-trade-agreements/united-states-mexico-canada-agreement
Varlamova, M. L., Kovalova, O. I., Kozachyshyna, A. S., & Liaskovets, K. K. (2021). Osoblyvosti intehratsiinykh protsesiv krain NAFTA. Ekonomika i orhanizatsiia upravlinnia, (9), 66–75. https://doi.org/10.31558/2307-2318.2021.2.7

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster