Problem
Part A
a) Identify one country of your choice, which is a member of an economic trading bloc.
b) Once identified, list and describe 2 advantages and 2 disadvantages of being a member state (country) in that trading bloc.
Part B
a) What are the emerging markets? Give examples of emerging markets.
b) What are the new global challenges? What advantages do they typically possess?
c) Do new global challengers pose any threat to firms from advanced economies? Explain.