1. Read the below listed articles and write a short paper on the impacts of trade agreements in APA format.
Website: World Trade Organization: Regional Trade Agreements
For the short paper assignment in this module—as well as the final project—you will need to research countries’ involvement and membership in trade agreements.
Click on the RTA Database link on this page to start your research. This page lists all regional trade agreements by country/territory and criteria. Starting with a country is the easiest.
Library Article: NAFTA-ization: Regionalization and Domestic Political Adjustment in the North American Economic Area
NAFTA (North American Free Trade Agreement) is the most important trade agreement for the United States. This article examines the impacts of NAFTA on member states, especially Mexico.
2.In APA format, address the following:If we compare the two deepest recessions in history—the Great Depression and the recession of 2009—they both had a huge impact on the economy, but both of them were handled very differently by governments. The policies governing trade after the 2009 recession were more forward-looking with a clearer view of how trade works and what needed to be done to restart the economy.
How do you think the United States, Europe, and emerging markets such as China, India, and Russia handled the recent recession? What were some of the policies enacted to help the global trade and global economy?