Scenario: Zucoland
Zucoland, a small-sized country just south of the Andes mountain range was invited to join a regional trading bloc. The government of Zucoland is considering the benefits and costs of joining such a bloc. The government is attracted by the fact that this trading bloc requires Zucoland to give up the least amount of sovereignty than other types of blocs.
-Which of the following would you suggest to the government of Zucoland is a benefit of joining a trading bloc?

Question

Quizplus · Accepted Answer

Greater consensus may result as countries within the same trading bloc have a shared interest in promoting economic growth and development, which can result in the establishment of common rules and regulations, and the reduction of non-tariff barriers to trade. This can make it easier for countries in the bloc to do business with one another, resulting in increased trade, investment and economic opportunities.

Scenario: Zucoland Zucoland, a Small-Sized Country Just South of the Andes Mountain