Compare barriers to trade among trade blocs


Can you please provide a brief answers to there questions?

Problem 1. How would you define or characterize the global business environment?

Problem 2. How are global businesses and countries interconnected, and what are some examples of interconnectedness and interdependence of countries and global businesses?

Problem 3. What the concept of "Comparative Advantage" is. Please do it in the most brief way you can. Give an example of comparative advantage and then outline the case for free trade. (You can add any of the other theories into this as you need to)

Problem 4. Compare and contrast two of the following major international trade organizations.

a. NAFTA
b. EU
c. MERCOSUR
d. ASEAN

Problem 5. Compare and contrast barriers to trade among trade blocs. Look at both tariff barriers and non-tariff barriers.

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International Economics: Compare barriers to trade among trade blocs
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