Net effects of trade blocs are good or bad for world trade

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Reference no: EM131391881

Explain: “Free-trade zones such as the EU and NAFTA lead a double life: They can promote free trade among members, but they pose serious trade obstacles for nonmembers.” Do you think the net effects of trade blocs are good or bad for world trade? Why? How do the efforts of the WTO relate to these trade blocs?

Reference no: EM131391881

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