What is the purpose of a trade block?
I'm trying to understand the concept of a trade block and its purpose within the broader context of trading and financial transactions. Could someone explain its main objective?
What are the benefits of being in a trade block?
Could you elaborate on the advantages of participating in a trade block? How does it enhance economic cooperation and stability among member nations? Are there specific benefits for businesses and consumers within these blocs? Additionally, how does it impact global trade dynamics and potentially foster economic growth?