Concept information
Preferred term
trade blocs
Definition
- Trade blocs refer to groups of countries that have established preferential trade arrangements aiming at increasing trade among each other. Trade blocs have been formed along geographical lines leading to the emergence of regional bloc trading. [Source: Encyclopedia of Business in Today's World; Trade Bloc]
Broader concept
Narrower concepts
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/trade_blocs
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