Part 1 of 2: International Trade and Multinational Corporations

From the readings, please answer the following two questions:

1. List and explain 5 factors that affect International trade:

2. Explain what a Multinational Corporation is, providing an example.

Part 2 of 2: - Chapter 5 Research Assignment

The reading mentions two powerful Trading Blocs:

• North American Free Trade Agreement (NAFTA)*
• European Union (EU)

There are also two other major trading blocs:

• Asian-Pacific (APEC)
• World Trade Organization (WTO)

Research each of the four Trading Blocs listed and provide answers to the following for each:

1. What year was it established?
2. What countries are included?
3. What is its purpose?
4. How does it operate?
5. What are the disadvantages?

Answer:(please provide your answers in the chart below)

	NAFTA	EU	APEC	WTO
What year was it established?
What countries are included?
What is its purpose?
How does it operate?
What are the disadvantages?