Explain difference between free trade area and common market

1. President Trump has vowed to renegotiate NAFTA. Explain how you think NAFTA could be improved.

2. Explain the difference between a free trade area and a common market. Speculate why negotiations were held for a North American Free Trade Agreement rather than for a North American Common Market.

3. From the international marketer’s point of view, what are the opportunities and problems caused by increased urbanization in developing countries?

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