What Are The Advantages And Disadvantages Of Joining A FTA? Increased efficiency. The good thing about a free trade area is that it encourages competition, which consequently increases a country’s efficiency, in order to be on par with its competitors. … Specialization of countries. … No monopoly. … Lowered prices. … Increased variety. What is
What Countries Benefit From Free Trade? US, China and Germany profit most from global free trade, says WTO. The three countries have benefited the most from membership of the World Trade Organization, according to a new report to mark the body’s 25th anniversary. Their combined revenues in just one year were $239 billion. Does free
How Did The City State Structure Encourage The Renaissance? How did the city state structure encourage the Renaissance? Their connections to trade brought wealth that encouraged new ideas. … Wealthy rulers of city states were patrons of artists, cities had greater concentration of artists, artisans and scholars, trade was well establish in the city states.