{"id":911,"date":"2011-11-10T09:10:48","date_gmt":"2011-11-10T15:10:48","guid":{"rendered":"http:\/\/opengecko.com\/economics\/trading-blocs\/"},"modified":"2011-11-10T09:26:44","modified_gmt":"2011-11-10T15:26:44","slug":"trading-blocs","status":"publish","type":"post","link":"https:\/\/opengecko.com\/geckoview\/economics\/trading-blocs\/","title":{"rendered":"Trading Blocs"},"content":{"rendered":"<p><font size=\"3\">IBO 2005-2012 Syllabus Requirements:<\/font><\/p>\n<blockquote>\n<p><font size=\"3\"><strong>Trading blocs<\/strong>        <br \/>\u2022 Free trade areas (FTAs)        <br \/>\u2022 Customs unions        <br \/>\u2022 Common markets        <br \/>Higher level extension topics        <br \/><\/font><font size=\"3\">\u2022 Trade creation and trade diversion<\/font><\/p>\n<p><font size=\"3\">Obstacles to achieving integration       <br \/>\u2022 reluctance to surrender political sovereignty        <br \/>\u2022 reluctance to surrender economic sovereignty<\/font><font size=\"3\">       <br \/><\/font><\/p>\n<\/blockquote>\n<p><font size=\"3\"><u>Introduction to Trading Blocs<\/u><\/font><\/p>\n<h3><a href=\"http:\/\/www.youtube.com\/watch?v=YDUq0DINhYk\" target=\"_blank\"><font size=\"3\">Episode 38: Trade Blocs<\/font><\/a><font size=\"3\"> by <\/font><a href=\"http:\/\/www.youtube.com\/user\/mjmfoodie\"><strong><font size=\"3\">mjmfoodie<\/font><\/strong><\/a><\/h3>\n<p><iframe loading=\"lazy\" height=\"360\" src=\"http:\/\/www.youtube.com\/embed\/YDUq0DINhYk?rel=0\" frameborder=\"0\" width=\"480\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3><font size=\"3\">Perhaps a simpler introduction is here:<\/font><\/h3>\n<h3><a href=\"http:\/\/www.youtube.com\/watch?v=TQEUoKoWu3w\" target=\"_blank\"><font size=\"3\">Trading Blocs<\/font><\/a><font size=\"3\"> by <\/font><a href=\"http:\/\/www.youtube.com\/user\/LanternaEducation\"><strong><font size=\"3\">LanternaEducation<\/font><\/strong><\/a><\/h3>\n<p><iframe loading=\"lazy\" height=\"315\" src=\"http:\/\/www.youtube.com\/embed\/TQEUoKoWu3w?rel=0\" frameborder=\"0\" width=\"560\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\">A more discursive explanation by student CuteChadz \u2026<\/font><\/p>\n<h3><a href=\"http:\/\/www.youtube.com\/watch?v=YW0mMJqw-OE\" target=\"_blank\"><font size=\"3\">A2 Economics: Trade Blocs<\/font><\/a><font size=\"3\"> by <\/font><a href=\"http:\/\/www.youtube.com\/user\/CuteChadz\"><strong><font size=\"3\">CuteChadz<\/font><\/strong><\/a><\/h3>\n<p><iframe loading=\"lazy\" height=\"315\" src=\"http:\/\/www.youtube.com\/embed\/YW0mMJqw-OE?rel=0\" frameborder=\"0\" width=\"560\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><font size=\"3\"><u>Trade Creation and Trade Diversion<\/u><\/font><\/p>\n<p><font size=\"3\">Towards the end of the previous video, there was reference to trade creation and trade diversion, although the explanation was quite simple. You can get more depth out of these two effects of economic integration (the formation of trade blocs). The following two websites are recommended for reading up on these two topics:<\/font><\/p>\n<p><a href=\"http:\/\/tutor2u.net\/economics\/revision-notes\/a2-macro-trade-agreements.html\"><font size=\"3\">http:\/\/tutor2u.net\/economics\/revision-notes\/a2-macro-trade-agreements.html<\/font><\/a><\/p>\n<p><a href=\"http:\/\/www.revisionguru.co.uk\/economics\/creatdiver.htm\"><font size=\"3\">http:\/\/www.revisionguru.co.uk\/economics\/creatdiver.htm<\/font><\/a><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><font size=\"3\">Obstacles to Achieving Integration<\/font><\/p>\n<p><font size=\"3\">Finally, for brief but useful discussion of the obstacles to achieving integration, and summary of some of the above, visit this site:<\/font><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><a href=\"http:\/\/centralecon.wikia.com\/wiki\/Economic_Integration\"><font size=\"3\">http:\/\/centralecon.wikia.com\/wiki\/Economic_Integration<\/font><\/a><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><font size=\"3\"><\/font><\/p>\n<p><font size=\"3\">&#160;<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IBO 2005-2012 Syllabus Requirements: Trading blocs \u2022 Free trade areas (FTAs) \u2022 Customs unions \u2022 Common markets Higher level extension topics \u2022 Trade creation and trade diversion Obstacles to achieving integration \u2022 reluctance to surrender political sovereignty \u2022 reluctance to surrender economic sovereignty Introduction to Trading Blocs Episode 38: Trade Blocs by mjmfoodie Perhaps a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,10],"tags":[271,195,196,270,269],"class_list":["post-911","post","type-post","status-publish","format-standard","hentry","category-economics","category-ib-economics","tag-economic-integration","tag-international-economics","tag-trade","tag-trade-creation-and-diversion","tag-trading-blocs"],"_links":{"self":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/comments?post=911"}],"version-history":[{"count":2,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/911\/revisions"}],"predecessor-version":[{"id":913,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/posts\/911\/revisions\/913"}],"wp:attachment":[{"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/media?parent=911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/categories?post=911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/opengecko.com\/geckoview\/wp-json\/wp\/v2\/tags?post=911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}