Question

Why are some economists concerned about the proliferation of regional trade agreements? regional trade agreements terms can conflict with those of the wto. regional trade agreements may limit trade from outside the regions in agreement. regional trade agreements make the economies of partner nations more independent of each other. previousnext?

Answer 1

here are several reasons why economists are concerned about the proliferation of regional trade agreements:
- Regional trade agreements terms can conflict with those of the WTO
- Regional trade agreements may limit trade from outside the regions in agreement
Regional trade agreements basically could make the economy within a certain region became secluded from other countries and may raise the price of certain commodities.