Regional Economic Cooperation

Abstract

Free trade agreements are an essential segment of the global economy. Regional economic cooperation is the fuel firing the push towards a global economy. Nations will need to belong to some type of regional economic cooperation unit to compete with other regionally aligned nations. This article provides three factors (1) an overview of the qualifications that exist regarding FTAs, (2) comparison of the four largest FTAs (EU, NAFTA, MERCOSUR, and ASEAN), and (3) FTAs effect on global foreign policy. These factors demonstrate the vitality of a regional future.