In your small group discuss the issue of free trade. Some governments across the Americas are strong supporters of the Free Trade Area of the Americas (FTAA). This is true despite evidence that small companies typically have difficulty competing against large multinationals when their nations take part in regional trading blocs.
Guiding Questions:
Do you think the FTAA would improve living standards in small countries (such as Ecuador and Nicaragua) or benefit only the largest nations such as Canada and the United States? Explain.
What can national governments do to help small companies compete in large trading blocs like the FTA.
Sample Solution