What are the prospects of NAFTA becoming a customs union

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1. What are the prospects of NAFTA becoming a customs union? Identify the policy changes that would be necessary and the likely political and economic obstacles to those changes taking place. What would be the major benefits and the major costs to deeper economic integration in North America?

2. Europe struggled with high levels of violence that raged for most of the first half of the twentieth century. In spite of that, Europe has achieved the most advanced level of integration of any regional grouping. Discuss the problems of regional integration agreements that potentially occur even when all sides want to reach agreement.

Reference no: EM131094630

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