World economic unions

Economic blocs and the Commonwealth of Significant advances in the development of world trade in the second half of XX century have contributed to the emergence of new phenomena in the international organization. Among these phenomena include the so-called regionalism, ie agreement on the particularly close co-operation of individual countries on the type of free trade areas, customs unions. The number of such groups by the end of 90 years according to different estimates ranged from 80 to 100. According to the World Bank in these areas is carried out about half of world trade. Among the most famous sites: the European Free Trade Association, European Union, the North American Free Trade Area (NAFTA), the Asia-Pacific Economic Cooperation (APEC) and other participants of the nine major international and regional trading blocs are presented below:

Continued


Related:

By forming such blocs led objective processes of political, economic, historical character. Education of the free trade zone does not make fundamental changes in the global economy. Activation of these processes on the one hand contributes to the development of international trade (in the zones, blocks,... Next

The largest unions, the most dynamic and influential - Mercosur, created in 1991 through the Treaty of Asuncio'n. In size and economic potential, MERCOSUR is the second (after EU) Customs Union and the third (after the EU and the North American Free Trade Area), a free trade zone. The organizational structure of Mercosur is... Next

Finance> World economic unions

Links Resources