hprynne
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What are the advantages and disadvantages of a trade bloc?
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Puddles the Monkey
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(Original post by hprynne)
What are the advantages and disadvantages of a trade bloc?
Hey there, have you had any ideas about this so far?
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hprynne
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(Original post by Puddles the Monkey)
Hey there, have you had any ideas about this so far?
Not many...
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Kitty-meaw
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(Original post by hprynne)
What are the advantages and disadvantages of a trade bloc?
\

Trade bloc:
ADVANTAGES:

  • free trade within the bloc
  • jobs may be created as a consequence of increase trades between member economies
  • faster ways to remove trade and investment barriers within trade blocs
  • increasing interdependence of neighbor countries on one another
  • wider range of goods available
  • makes money of money and goods easier
  • more rapid spread of technology


DISADVANTAGES:

  • country may loses resources to more efficient members
  • non members of the trade bloc will excluded since trade blocs are created to help only their members countries; therefore, will only look out for each other and not other countries
  • relaxed borders between countries means that more illegal immigrants will manage to get through


Hope this helps
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hprynne
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(Original post by Kitty-meaw)
\

Trade bloc:
ADVANTAGES:

  • free trade within the bloc
  • jobs may be created as a consequence of increase trades between member economies
  • faster ways to remove trade and investment barriers within trade blocs
  • increasing interdependence of neighbor countries on one another
  • wider range of goods available
  • makes money of money and goods easier
  • more rapid spread of technology


DISADVANTAGES:

  • country may loses resources to more efficient members
  • non members of the trade bloc will excluded since trade blocs are created to help only their members countries; therefore, will only look out for each other and not other countries
  • relaxed borders between countries means that more illegal immigrants will manage to get through


Hope this helps
Thanks!!
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Kitty-meaw
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(Original post by hprynne)
Thanks!!
Welcome any time, here to help !
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