John works for a large multinational with operations around the globe. He has been asked to assess the global trends which will have the largest impact on how his company will do business, and specifically, how it conducts HRM practices. After much consideration, John has decided that the European Economic Community, the North American Free Trade Agreement, the growth of Asia, and the General Agreement on Tariffs and Trade are among the largest recent global changes that will continue to have a lasting impact on his company.

This activity is important because understanding the.impact of global affairs on HR management starts with an awareness and appreciation of recent changes that have had a dramatic impact on competition throughout the world.

The goal of this activity is to distinguish between the four largest global changes.

Its members consist of two developed nations and one developing nation.

An international framework of rules and principles for reducing trade barriers across countries around the world.

Most members share a common currency.

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Resulted in fewer low$-$skill jobs but more high$-$skill jobs for citizens of the United States.

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This region has experienced the most explosive expansion over the last decade.

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Has resulted in one of the laraest free markets in the world.