Explore BrainMass
Share

Major regional trading blocs

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

List 4 effects of globalization that impact an organization and community?

What are some major regional trading blocs?

© BrainMass Inc. brainmass.com October 24, 2018, 7:44 pm ad1c9bdddf
https://brainmass.com/business/wto-and-gatt/major-regional-trading-blocs-77346

Solution Preview

Globalization means operating in the world economy as a single economy. Globalization is a compulsion now. It promotes the most efficient and cost-effective use of resources. The market encourages productivity and efficiency gains from specialization, it builds economies of scale, it improves efficiency because of greater competition. Globalization is as powerful a force as democracy is. The parallels are obvious. Like democracy spelt ...

Solution Summary

This discusses the concepts related to major regional trading blocs

$2.19
See Also This Related BrainMass Solution

What are some major regional trading blocs in the world?

What are some major regional trading blocs in the world?

What are its origin?

What are some benefits of them?

View Full Posting Details