Trade blocs have aided the process of globalisation ,which is the growing interdependence between the world as a result of increased trade with factors such as economic, social, political and cultural affecting it, as they have helped countries remove the economic barriers which has enabled more trade and free movement ...

How do trade blocs encourage trade?

A trade bloc is a group of countries who have joined together to promote trade. This might be through relaxing barriers to trade, or even having a common currency, and increasing taxes on products brought in from outside the bloc, protecting them from outside competition.

What are the advantages of trading blocs?