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Is it true that formation of trading blocs help certain nations prosper while it corners some?
Wiki User
∙ 11y ago
Yes
Wiki User
∙ 11y ago
Yes, the formation of trading blocs can help certain nations prosper by increasing trade opportunities and efficiency. However, it can also corner some nations that may not be able to compete with the larger economies within the bloc, leading to economic challenges for them. This highlights the importance of ensuring inclusivity and fair competition within trading blocs.
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