The Problem Of The Trading Bloc - 1398 Words

The trading bloc is made up of the following five stages that are progressive: Free Trade Area, the Customs Union, Common Market, Economic Union, and Political Union (Satterlee, 2014). The stages are ranked according to the level of priority of integration (Satterlee, 2014). Although each aspect of the building bloc has its purpose, this paper singles out the Common Market as its priority key concept. However, migration is affected by the Common Market and this paper will use the aid of the â€Å"Cross Border Commerce With Biblical Worldview Applications† textbook as well as the following five articles that designate migration to stem from the Common Market: â€Å"From Migration Regime to Regional Citizenry: Migration and Identity Implications of the East African Common Market† by Sabastiano Rwengabo (2015); â€Å"Migration and Policies in the European Union: Highly Skilled Mobility, Free Movement of Labour and Recognition of Diplomas† by Joao Peixoto (2001); â€Å"Social Policy in the European Union: Variety and Challenges† by Lina Rutkauskiene (2010) â€Å"International Labour Migration Within a Common Market: Some Aspects of EC Experience† by Thomas Straubhaar (1988); â€Å"Labour Migration - Its Drivers and Consequences for the Economy† by Miroslava Szarkova and Lubomira Gertler (2012). Keywords: Common Market (CM), migration, economic integration Common Market Key Term and Why You Are Interested in It I chose the key concept of the â€Å"Common Market† because it is a component of the fiveShow MoreRelatedFree Trade Blocs, A Major Step Towards Economic Integration1076 Words   |  5 PagesFree Trade Blocs Free trade blocs are intergovernmental agreements that limit regional barriers to trade by integrating different economies. The four types of trade blocs are Preferential Trade Area, Free Trade Area, Customs Union, and Common Market. The specific trade blocs included in this analysis are Mercosur, North American Free Trade Agreement, European Union. 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