Free trade doesn't not only happen between the continents but it also happens between neighbouring nations. Argument about free trade can take many dimension including economic, moral, and socio-political arguments. Free trade takes many dimension and the proponents and opponents of the idea takes stands on the issue depending on their beliefs.
In the last century, arguments on free trade were centred on the inequality that seems to persist between developed and developing nations which seem to be the mother of inequalities. There have been many campaigners who have been arguing for implementation of free trade policies in the last century and they hoped that the new century would come with a new perception on solving the inequalities between nations in the world through free trade. Apparently the campaign by these human activists and trade unions all over the world seem to have led to the development of essentially what we have been calling trade blocs that seems to emerge in all corners of the world. Analyzing the origin of the trade blocs, we can make formidable conclusion that all the trade blocks are created with an original aim of enhancing trade between members of the trade blocks.
Trade blocs seem to be the new ideas on what the argument on free trade has taken. As we stand, the European Union remains to be the largest trade bloc in the world. ...Show more