Explain the concepts of trade creation and trade diversion


Assignment:

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Regional Economic Integration

International Financial Markets

1) Discuss free trade areas as a level of regional economic integration. How can regional integration enable employment opportunities?

2) Explain the concepts of trade creation and trade diversion. Who are the winners and losers in each scenario?

3) What is an offshore financial center? Differentiate between an operational center and a booking center, providing examples for each.

4) Why do governments impose currency restrictions and how can companies get around such restrictions?

5) What is currency speculation? Why do some governments protect their markets from currency speculation?

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Macroeconomics: Explain the concepts of trade creation and trade diversion
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