Explain: “Free-trade zones such as the EU and NAFTA lead a double life. They can promote free trade among members, but pose serious trade obstacles for nonmembers.” Do you think the net effects of these trade blocs are good or bad for world trade? Why? How do the efforts of the WTO relate to these trade blocs?
9. Speculate as to why some U.S. firms strongly support trade liberalization while other U.S. firms favor protectionism. Why might some U.S. labor unions strongly support trade liberalization while other U.S. labor unions strongly oppose it?
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