Your participation in this discussion is based on your reading of Chapter 8. This is the discussion question(s):
Over the last several decades multilateral trade liberalization agreements have become truly difficult to conclude, while several regional “free” trade agreements have been successfully negotiated.
What explains the difficulties of global trade negotiations and the relative success of regional arrangements?
Are regional trade arrangements “just as good” as global/multilateral trade liberalization? Explain with regards to trade creation and trade diversion.
Are NAFTA countries ready for greater economic integration such as a common market and common currency?
Do you think Canada and/or Mexico is a better candidate for greater economic integration with the US?