Explain difference between free trade area and common market

Discussion

1. President Trump has vowed to renegotiate NAFTA. Explain how you think NAFTA could be improved.

2. Explain the difference between a free trade area and a common market. Speculate why negotiations were held for a North American Free Trade Agreement rather than for a North American Common Market.

3. From the international marketer’s point of view, what are the opportunities and problems caused by increased urbanization in developing countries?

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