Global Groupings


	Global Groupings
	Advantages Increased economic development due to increased trade Increased quality of life - rural to urban, services, infrastructure Move and work freely between member countries Reduced risk of conflict and better international relations between nations	Disadvantages Member states may loose decision / power on how they run their country Individual countries may loose out when they have to share resources e.g. fishing grounds Reduced trade for non-members - LEDCs could lose trade Richer states may have to financially support poorer members e.g. 2011 UK sent £4 billion to bail out Portugal
	Evaluation Nations group together because it benefits all their economies, helps promote development, increases security and promotes peace.

Member states may loose decision / power on how they run their country
Individual countries may loose out when they have to share resources e.g. fishing grounds
Reduced trade for non-members - LEDCs could lose trade
Richer states may have to financially support poorer members e.g. 2011 UK sent £4 billion to bail out Portugal

Nations group together because it benefits all their economies, helps promote development, increases security and promotes peace.

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