Trade Blocs
- Created by: Charlie Davies
- Created on: 21-05-14 16:26
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- Trade Blocs
- POSITIVES
- Higher standard of living
- trade barriers removed
- areas of national economy can be supported- E.G. CAP
- Faster and smoother economic development
- If countries become indebted member states can help bail out
- Greater chance of peace between member nations
- People seeking work can move between member states -E.G. EU
- Possibility of common currency - Euro
- NEGATIVES
- non-member states badly affected- lack of trade
- Elites can hold a disproportionate amount of power
- loss of sovereignty
- many countries will have to pat a large sum of money regularly to be in a trade bloc
- Loss of some financial control- EU central bank
- Having to share economic resources
- Untitled
- POSITIVES
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