A Research Proposal on Trading Blocs Today: a Comparism of the European Union (Eu) and the Economic Communities of the West African States(Ecowas)
TITLE.
TRADING BLOCS TODAY: A COMPARISM OF THE EUROPEAN UNION (EU) AND THE ECONOMIC COMMUNITIES OF THE WEST AFRICAN STATES(ECOWAS). This research title has been structured this way because it is going to focus on the history and the growth of trading blocs today and its relationship to international business.
The fact that the EU and ECOWAS are the blocs that are going to be the basis for comparison, this does not mean that issue affecting on other trade blocs around the world will not be raised.
The title will be structured this way because, it is precise and to the point, and also easy to understand not just to business students, but also to anyone who is aware of, or is involved, interested or affected by trading blocs today.
INTRODUCTION.
What Is a Trading Bloc?
Lots of definition have been giving on the subject, but it has been difficult for an agreement to be reached as to how a Trading Bloc should be defined.
According to Sanoussi Bilal he defined it as follows;
“A Trade Bloc can be defined as a ‘preferential trade agreement’ (PTA) between a subset of countries, designed to significantly reduce or remove trade barriers within member countries”.
Over the years, countries throughout the world have formed many regional trading blocs, and there is no doubt that they play an important role in the world economy and trade. Since trading blocs came into being, there has been much discussion on their effects on globalization, which is the other important trend in the world economy development apart from regionalization.
There are over 150 regional trade agreements currently in force, with most countries in the world participating in at least one of them. Policymakers often regard this trade initiatives as a positive effect of a more globalised world. Within the economists profession, however, this remains significant disagreement about the consequences of regionalism.
The use of collaborative agreements has become an important phenomenon in
TRADING BLOCS TODAY: A COMPARISM OF THE EUROPEAN UNION (EU) AND THE ECONOMIC COMMUNITIES OF THE WEST AFRICAN STATES(ECOWAS). This research title has been structured this way because it is going to focus on the history and the growth of trading blocs today and its relationship to international business.
The fact that the EU and ECOWAS are the blocs that are going to be the basis for comparison, this does not mean that issue affecting on other trade blocs around the world will not be raised.
The title will be structured this way because, it is precise and to the point, and also easy to understand not just to business students, but also to anyone who is aware of, or is involved, interested or affected by trading blocs today.
INTRODUCTION.
What Is a Trading Bloc?
Lots of definition have been giving on the subject, but it has been difficult for an agreement to be reached as to how a Trading Bloc should be defined.
According to Sanoussi Bilal he defined it as follows;
“A Trade Bloc can be defined as a ‘preferential trade agreement’ (PTA) between a subset of countries, designed to significantly reduce or remove trade barriers within member countries”.
Over the years, countries throughout the world have formed many regional trading blocs, and there is no doubt that they play an important role in the world economy and trade. Since trading blocs came into being, there has been much discussion on their effects on globalization, which is the other important trend in the world economy development apart from regionalization.
There are over 150 regional trade agreements currently in force, with most countries in the world participating in at least one of them. Policymakers often regard this trade initiatives as a positive effect of a more globalised world. Within the economists profession, however, this remains significant disagreement about the consequences of regionalism.
The use of collaborative agreements has become an important phenomenon in
References: Books: Jagdish et al (1999) Trading Blocs: Alternative Approaches to Analyzing Preferential Trade Agreements, Massachusetts Institute of Technology. Jeffrey Frankel (1997) Regional Trade Blocs In The World Economic System, institute for international economics. John McCormick (2008) Understanding The European Union A Concise Introduction, fourth edition, Palgrave Macmillan. Kerry A. Chase (2008) Trading Blocs : States, Firms, and Regions in the World Economy, The University of Michigan Press. Kyle Bagwell and Robert W. Staiger (2002) The Economics Of the world Trading System, Massachusetts Institute of Technology. Nejdet Delener (1999) Strategic Planning and Multinational Trading Blocs, Quorum Books. Nigel Grimwade (2001) International Trade: Second edition New patterns of trade, production and investment, Routledge Publishing. Nigel Grimwade (1996) International Trade Policy a contemporary Analysis, Routledge Publishing. Saunders et al (2009) Research Methods For Business Students, Fifth Edition, Pearson Education limited. Walter Mattli (1999) The logic of Regional Integration: Europe and Beyond, Cambridge University Press.