The effects of the formation of regional trade blocs on international trade could be interpreted in two
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The effects of the formation of regional trade blocs on international trade could be interpreted in two ways. One way is to view regional blocs as one step forward in the process of ensuring completely free trade between countries on a global basis. On the other hand, the formation of regional blocs could be seen as a step backward toward an era of greater protectionism and greater trade tensions between the regions. Which view would you agree with, and why?
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I would go for the view that regional blocs as one step forward in the process of ensuring completely free trade between countries on a global basis T...View the full answer
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ISBN: 978-1119398332
7th edition
Authors: Masaaki Kotabe, Kristiaan Helsen
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