The Stages of Economic Integration
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For fuller details of global trading blocs read the following article in Wikipedia
In 2009, 25 new regional trade agreements (RTAs) were notified to the WTO. The agreements include developed as well as developing countries, and involve countries from most parts of the world. In fact, they are not always regional, increasingly encompassing members from different continents. The new agreements bring the total number of RTAs in force to nearly 300.
Should we be worried by this trend? Read an analysis of the situation in the LSE's Centrepiece magazine.
To what extent are Regional Trade Agreements (RTAs) beneficial to their members and to the world trading system?