Directions:
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Write a paragraph for each of the following.
For NAFTE, EU, and ASEAN, take a position and defend or explain why you do not think each of the following
is beneficial. Back up your position with facts based on your research (the bulleted topics)
WTO – Briefly explain what it is, the purpose, and powers of WTO
GATT: Briefly explain GATT
MERCOSUR – Briefly explain each of the bulleted points
For BRIC, IMF, and World Bank, explain what is being asked.
NAFTA
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What is NAFTA (North American Free Trade Agreement) and which nations are included in NAFTA?
Explain the Pro-NAFTA arguments and the Anti-NAFTA arguments
How has NAFTA benefited the economies of all three nations that signed it?
What was the goal of NAFTA?
Take a position and defend NAFTA or explain why you do not think NAFTA has been beneficial.
EU
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What is the EU (European Union)?
Which countries are member of the EU?
What advantage or disadvantage do you see as to why a country would become a member?
Explain the purpose of the EU in your own words.
Take a position and defend it or explain why you do not think the European Union is beneficial.
ASEAN
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Explain in your own words Association of Southeast Asian Nations (ASEAN).
What countries are part of the ASEAN?
What is the purpose of ASEAN?
What conclusion can you reach about ASEAN?
WTO
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What is the WTO (World Trade Organization)?
What power(s) does the WTO have
What conclusion can you reach about WTO
Explain the purpose of WTO in your own words
Take a position and defend it or explain why you do not think this is beneficial
GATT
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What is General Agreement on Tariffs and Trade (GATT)
What is the purpose of GATT
When was it signed
MERCOSUR – Common Market of the South [Latin America] - Summarize the following:
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Which countries are involved
What is the purpose of MERCOSUR
What are associate members?
Why was Paragua suspended as a MERCOSUR member?
What are the prospects for MERCOSUR’s future?
http://www.cfr.org/trade/mercosur-south-americas-fractious-trade-bloc/p12762
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BRIC – Brazil, Russia, India, China – Explain what it is, when was it first recognized and briefly explain (you can get
your information from Investopedia)
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IMF – International Monetary Fund – What is the IMF, how many members, briefly explain the board of governors of
the IMF.
o How is it related to the World Bank
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World Bank - http://www.worldbank.org/en/about/what-we-do
o What are some of the financial products and services of the World Bank
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