Why have so many regional trade arrangements among developing ...

[imowrer]

Why have so many regional trade arrangements among developing countries failed? Why might MERCOSUR have a better chance for success than the East African Common Market?
 
  What will be an ideal response?

Question 2

The environmental Kuznets curve suggests that
 
  a. the environment deteriorates with development
  b. the environment deteriorates up to some level of GDP then improves
  c. open economies have less environmental problems
  d. low-income countries have more environmental problems
  e. none of the above

[nixon_s]

Answer to Question 1

Early attempts at regional trade arrangements such as the East African Common Market have failed because markets have been small and countries had similar economies, limiting the gains to be had from comparative advantage. MERCOSUR has been created at a time when the countries involved have large, more diversified markets.

Answer to Question 2

B

[imowrer]

YES! Correct, THANKS for helping me on my review

[abro1885]

Thanks for the timely response, appreciate it