The WTO, IMF, and World Bank operate on a global level. Regional changes have also taken place
Question:
The WTO, IMF, and World Bank operate on a global level. Regional changes have also taken place based on the notion that trade between countries needs to be encouraged. Of particular importance was the formation of economic blocs that integrated the economic and political activities of nations. EU, NAFTA, ASEAN, APEC, MERCOSUR, and GCC are the notable ones.
A-a. Pick one of these regional blocs and do a quick search on what countries are included in these regional blocs and what the mission of these regional blocs are.
A-b. Understandably, there more of these regional blocs promoting trade and endorsing their positions within international trade. Research more of these economic blocs and post the member countries of each. For example, who are the members negotiating to join the Trans pacific Partnership (TPP)?
Managerial Economics and Strategy
ISBN: 978-0321566447
1st edition
Authors: Jeffrey M. Perloff, James A. Brander