Critical Thinking Economic communities are groups of countries that reach agreements to help facilitate trade.

While most countries will actively pursue trade agreements for the long-term benefit of their economies, in recent years the United Kingdom has voted to withdraw from the European Union, and the United States is also reconsidering some of its existing trade agreements.

When choosing international markets to enter, how important do you think economic and political stability factors are in the firm’s overall selection criteria?

How do you think the change toward trade agreements and economic communities by the United States and the United Kingdom will affect international trade overall?