Question: There are some 200 economic integration agreements in effect around the world already, far more than even a few years ago. Virtually every country is

There are some 200 economic integration agreements in effect around the world already, far more than even a few years ago. Virtually every country is now party to one or more free trade agreements. Supporters argue that free trade is good for nations. What is the basis for their support? That is, what are the specific benefits that countries seek by joining an economic bloc? What is the main economic bloc for your country? From your perspective, what advantages has bloc membership brought to your country? What disadvantages has bloc membership produced?

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Regional integration contributes to corporate and industrial growth and hence to economic growth better living standards and higher tax revenues for the member countries It increases market size by in... View full answer

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