【正文】
__) Net gain ( ) Gains from trade creation: Losses from trade diversion: 7 Regionalism[‘ri:d??nliz?m]區(qū)域性 vs. Multilateralism多邊主義 ? Why are regional trade blocs集團 getting more popular? a. Willing to trade with countries sharing similar culture, geographical[d?i?39。fik?l]地理的 proximity接近 , etc. b. Disillusioned[,disi‘lu:??n]使醒悟 。 ? LAFTA, LatinAmerican Free Trade Association,拉丁美洲自由貿(mào)易協(xié)會。feizin]逐漸采用 period and virtual free trade by 2020 Mexico Previously以前 pursued[p?‘su:]追求 import substitution, high tariff wall, inefficiency High budget deficits, inflation Overvalued currency Periodic balance of payments crises