In the complex world of international trade, to sustain the competition from developed countries and to achieve competitive and strategic benefits, developing countries are resorting to trade alliances among themselves, which make them combat the hegemonic powers with a collective strength. During the dawn of the twentieth century and after the world wars, many regional economic blocs have been formed to promote trade among nations. Trade blocs come in different forms – free trade areas, common markets, customs unions and economic union. Some of the common trade blocs are NAFTA, ASEAN, SAARC, AU, Agadir, EU, CARICOM, EFTA, GCC, PARTA and Unasur. Trade blocs have become very important for the economic development of not only the member-countries but also for the overall development of the region. Trade blocs have become major nerve centers for economic progress. While the benefits are enormous, there are also many articles which talk about the negative side of trade blocs. In a larger perspective they also seem as hindrances to WTO where nations are abandoning WTO and are pursuing regional blocs. The present book focuses on types of trade blocs, history, evolution, advantages and disadvantages, success factors, failure reasons, trade blocs and WTO and some popular trade blocs.
ABOUT THE AUTHOR B.Ravi Kumar Jain
Ravi Kumar Jain B holds an MBA degree (Finance) from Osmania University, Hyderabad and PGD ITM (E-commerce & EDI) from AIMA, New Delhi. He has worked as Assistant Professor in a B-school affiliated to Osmania University for four years in Hyderabad. Presently, he is working as a senior faculty member at Icfai Research Centre, Head quarters, heads Special projects team and also teaches at Icfai Business School, Hyderabad. He has presented several research papers in national and international conferences in India and abroad. He has got many of his articles published in several refereed journals. He has received an award, 'Researcher of the Year', from the Vice President of India, for the best contribution in an international conference on Enhancing Global Business Competitiveness in November 2004, at New Delhi. He has authored a book titled "Open Source Software: A Revolution in the Making" and has edited several books on the themes related to Internet and business management, the latest being "Internet Governance: An Introduction" and "IT Governance: An Introduction". His areas of interest include outsourcing, e-commerce, strategic management, technology in business and financial management.
ABOUT THE AUTHOR D. Satish
D Satish holds a PGDBA from Icfai Business School, Hyderabad. He is also a Chartered Financial Analyst from Icfai. He is presently working as Deputy Editor at the Icfai University Press. He regularly writes articles for the Chartered Financial Analyst magazine. He is also a visiting faculty for the Icfai Business Schools. His articles were extensively published in The Financial Times column of Times of India. His areas of interest include corporate finance, international finance, and Risk Management. He is also the Consulting Editor of The Icfai Journal of Financial risk management.
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