![]() ![]() This article describes various spatial permutations of trade interactions highlighting in particular the forces that drive the geographies of trade.ĪB - Trade blocs are generally formed when two or more countries pursue policies of tariff reductions that are designed to increase trade between the participating countries. Contemporary trade arrangements have a complex geography of economic and noneconomic exchanges that involve both nearby and distant partners, as well as formal and informal linkages. ![]() Most trade blocs are formed between neighboring countries there is a positive relationship that exists between trade blocs and geographical proximity, but also other factors, such as common language, common culture, and common history, play an important role. N2 - Trade blocs are generally formed when two or more countries pursue policies of tariff reductions that are designed to increase trade between the participating countries. ![]()
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