Using a country as a reference what would the advantages and disadvantages be for that country to be part of a trading bloc? Explain what a trading bloc is

Try this for starters.

http://en.wikipedia.org/wiki/Trade_bloc

how about sweden

A trading bloc refers to a group of countries that form an agreement to promote trade and economic cooperation by reducing barriers to trade among them. One example of a trading bloc is the European Union (EU), where member countries have eliminated tariffs and quotas on trade between themselves.

Advantages of being part of a trading bloc:
1. Increased market access: Joining a trading bloc gives a country access to a larger consumer base. This can lead to increased exports and economic growth.
2. Reduced trade barriers: Being part of a trading bloc often means reduced tariffs, quotas, and other trade barriers between member countries. This makes it easier and cheaper for businesses in the country to export their goods and services to other member nations.
3. Economies of scale: Trading blocs can attract investment and encourage the development of industries due to the larger combined market. This enables companies in the country to benefit from economies of scale, lowering production costs and increasing competitiveness.
4. Enhanced political influence: Being part of a trading bloc allows a country to have a stronger voice in global trade negotiations. Member countries can collectively negotiate agreements with other trading partners, giving them more leverage in international trade discussions.

Disadvantages of being part of a trading bloc:
1. Loss of sovereignty: Joining a trading bloc often requires giving up some degree of sovereignty as member countries typically have to adhere to the rules and regulations set by the bloc. This may limit a country's ability to independently make trade decisions.
2. Unequal benefits: Smaller or less developed countries within a trading bloc may face challenges competing with larger or more advanced economies. Unequal economic development can lead to imbalances in trade, where some countries benefit more while others face difficulties.
3. Dependency on other members: If the trading bloc experiences economic or political instability, it can have a cascading effect on member countries. A negative development in one member nation can impact the economies of others, making them vulnerable to external shocks.
4. Limited global trade opportunities: By focusing on trade within the bloc, there may be less emphasis on exploring trade relationships outside of it. This could restrict opportunities for the country to diversify its trade partners and potentially miss out on global market trends.

To analyze the advantages and disadvantages of a specific country being part of a trading bloc, you would need to identify the country of interest and research its specific situation within the bloc in question.