Using all that you have learned about trade-blocs, identify both the positive and negative aspects they can have on a country. Then, decide if, overall, their results are good or bad for the countries involved. Be sure to provide specific evidence to prove your stance. Your answer should be in complete and complex sentences and at least 150 words in length.

For the answer to the question above, the positive aspect of trade blocs is that consumers in all member countries benefit from higher quality goods and services at lower prices. This happens because of the elimination of barriers to trade, such as tariffs and quotas, which allows companies from different countries to compete equally with local companies. These companies benefit from increased access to resources, which lowers the cost of production of goods and services significantly.

While the negative side of it is that include the displacement of jobs because of increased competition from companies in member countries. Workers are usually displaced as companies are closed and they may remain unemployed for extended periods of time; workers usually get jobs later, but at a lower wage. National economies within a free trade bloc are susceptible to events such as recessions in other member countries, which affect them directly. This is because free trade blocs encourage specialization among member countries, which increases their dependency on each other.