Globalisation - "Examine how global, regional, and bilateral trade agreements can impact on the global economy."
As globalization becomes increasingly more evident as countries become further integrated with one another, trade agreements have been formed in recent years to ensure trade opportunities can be gained from. These agreements and trading alliances can be large-scaled such as the global agreement World Trade Organisation (WTO), the smaller scale regional agreements such as the European Union (EU) as well as agreements between two specific countries such as CERTA - Closer Economic Relations Trade Agreement between Australia and New Zealand. They all have the aim of reducing barriers to trade…
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