I want assistance answering the following questions based on factual data/information.
Question 1. What are some of the technological advances in telecommunications and transportation that have impacted global business in the last decade? How have these technological advances affected regional economic development? What trends can be anticipated in these areas?
Question 2. What is a trade deficit and a trade surplus? What are the implications of a long-term trade deficit or trade surplus? What techniques are available to correct Balance of Payment Deficit or Surplus?
Question 3. What are some regional trading blocs? What factors contribute to the formation of Trading Blocs? How would you evaluate the attendant benefits of trading blocs?