Question: This question has two parts, be sure to answer both. First, define trading blocs and discuss why they exist. Then, compare and contrast the

This question has two parts, be sure to answer both. First, define

This question has two parts, be sure to answer both. First, define trading blocs and discuss why they exist. Then, compare and contrast the two major trading blocs: NAFTA and the European Union. Discuss their membership structure, purpose, benefits, and issues.

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