THE ROLE OF INTERNATIONAL ECONOMIC UNIONS IN THE DEVELOPMENT OF GLOBAL TRADE

Abstract

The European Union, ASEAN and Mercosur drive many aspects of international 
trade through their work to promote integration and eliminate trade barriers, and jointly 
build economic influence. This, article examines how these union tariffs affect the 
development of global trade through eradication, harmonious rules and increased 
market access. Using a qualitative functioning, the study analyzes the study of the case 
of major economic unions and their trade policies, with statistical data on business 
models and economic development. The results highlight that unions have greatly 
promoted intra-regional trade in global markets, although challenges such as internal 
inequalities and external competition. The discussion is about these unions’ course to 
deliver benefits to a specific area in the balance of power with global trade shifts. The 
International Economic Association, at last, is accountable for the hinged-trade 
window, even though the degree of their attractiveness is conditioned by adaptability 
and the level of cooperation they can manage. This is an article that gives a detailed 
description of their effects and lists areas where policymakers may find common 
ground to make decisions.