Evaluate Regional Trade and Economic Unions, Their Advantages and Disadvantages

Write a paper to identify, research, and then reflect on regional agreements and their strategic impact on the county and MNC. Regional agreements may have many facets and may have been accomplished for particular reasons. Identify as much data as you can either on EU or Mercosur Trade Union, and explain how the union has affected the growth of member countries. In your paper, respond to the following:
• Increasing globalization has increased the need for development of trade agreements. Analyze the benefit of trade agreements and unions and their effects on economic growth of different regions.
• Why would MNCs be interested in emerging economies such as South America, India, the Middle East and Central Asia, and Africa? Would MNCs be better off focusing their efforts on more industrialized regions? Explain?