State and explain the role that the Bretton Wood institutions played in determining world trade today b. Explain the evolution of regional economic integration to present day calls for free trade areas giving practical examples of at least two regional bodies. c. Tariff and non-tariff barriers have been used frequently in trade policy as international trade instruments. Explain using the theory of tariff structure the implications on trade creation and trade diversion that subsidies and quota have once implemented. Use appropriated trade diagrams
Question one
The role that regional integration and regional bodies play in facilitating international has been unprecedented since the formation of the Bretton Wood institutions.
a. State and explain the role that the Bretton Wood institutions played in determining world trade today
b. Explain the evolution of regional economic integration to present day calls for free trade areas giving practical examples of at least two regional bodies.
c. Tariff and non-tariff barriers have been used frequently in trade policy as international trade instruments. Explain using the theory of tariff structure the implications on trade creation and trade diversion that subsidies and quota have once implemented. Use appropriated trade diagrams
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