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What is trade bloc?

a trade bloc is where a country or town is trading goods but something goes wrong and everything stops until the problem is resolved!


The powerful new bloc of nations that is emerging onto the world economic stage includes .?

The powerful new bloc of nations emerging on the world economic stage includes Brazil, Russia, India, China, and South Africa, collectively known as the BRICS. These countries are characterized by their significant influence on regional and global affairs, rapid economic growth, and increasing cooperation in areas like trade, investment, and political collaboration. The bloc aims to create a multipolar world order and reduce dependence on Western-dominated institutions.


What type of region does the European Union represent?

It is not a geographical region. It is an organisation, not a country or continent. It could be described as an economic bloc or trading bloc.


How did it affect international trade when parts of the former soviet bloc became a democratic state?

The transition of parts of the former Soviet bloc to democratic states in the 1990s significantly impacted international trade by fostering greater economic liberalization and integration into global markets. These countries began adopting market-oriented reforms, leading to increased foreign investment and trade partnerships, particularly with Western nations. As they aligned with international economic standards and organizations, such as the European Union, their trade relations diversified, enhancing exports and imports. Overall, this shift contributed to a more interconnected global economy and increased competition in the region.


Why did the Marshall Plan caused economic conflict in the Cold War?

Soviet Bloc nations did not receive any economic aid.