Regional Trade Blocs and What Term Paper

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Third is to integrate the potentials of small companies, enabling them to combine their capabilities into one but more capable and powerful group of companies.

Regional Integration and Future Prospects

One of the largest trade blocs known to trading these days is the EU (European Union). In terms of its economic implications, the future prospect of regional trade bloc is to uplift the economic status of its members through cross-nation trade-supports provided by each member of the bloc. There are also perceptions that while regional integration can help in the economic growth of its members, it can also impede their economic growth in the long run because most of the trading opportunities revolve only within the circle of the regional trade bloc. That is, other opportunities available outside the bloc, and which may be better than the current trading conditions within the bloc, will not be experienced or maximized its advantage by the regional bloc's members.

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