Examine whether the country you live in is a member of one or more trading blocs. Examine, too, whether it is currently in the process of negotiating the formation of or entry into a new trading bloc. In each case, what form of integration is involved: free trade agreement, customs union or common market? Are the agreements bilateral or regional? Choose one or more of these trading blocs and try to determine which stakeholders are likely to be better off or worse off as a result of the agreement. Try to identify the possible advantages and disadvantages for stakeholders and for the economy.