Saturday
March 25, 2017

Post a New Question

Posted by on .

The establishemnt of regional trading blocs may lead to a decline in global trade follwoing these reason. Explain why.
1. Sufficent trade diversion occurs
2. Government increase tariffs to nonmember nations to offset lost tariff revenus from coutntries participating in regional blocs.
3. Countries protect industries in which they do not have a comparative advantage.

  • Economic - ,

    Do some research, then take a shot. What do you think?

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question