Trade bloc?

hprynne

What are the advantages and disadvantages of a trade bloc?

Reply 1

Puddles the Monkey

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? :smile:

Reply 2

hprynne

Original post by Puddles the Monkey

Hey there, have you had any ideas about this so far? :smile:

Not many...

Reply 3

Kitty-meaw

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 :tongue:

Reply 4

hprynne

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