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Peter Hill Introduction to International Business, Year 1, Level 4 Luiz Montanheiro Becoming part of Trading Blocs Trading blocs are suggested to be an efficient way to create a sustainable economic growth. This will now be explained, giving detail as to the advantages and disadvantages to countries when becoming part of trading blocs. Referencing will be used throughout; illustrating where the relevant information has been found, as well as a Bibliography, which will lead into further detail about the research gathered. On a global scale, organisations like the World Trade Organisation, (also known as the WTO) aim to free up world trade from any trade barriers. These trade barriers are also trying to be lowered on a more regional scale, by groups of countries, which can also be looked at as Trade Blocs. This is being done so that regional trade can be stimulated. The regional co-operation is seen to be a very important cause...

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