United in Trade: lesson on the power and politics of Economic Blocs

Over the past seven decades, international trade has proven to be the most significant factor in strengthening relations and partnerships between countries and regions of the world. It has also been a safeguard against undesirable deterioration in international economic relations. However, in a world currently facing numerous economic and geopolitical challenges, can trade still protect the world from fragmentation, disruptions, and breaks in supply chains? The answer to this question, along with other important questions, is the focus of this new book by TRENDS Research & Advisory. Through analyzing and identifying the impact of blocs that have emerged in the global economic landscape—from Europe to Africa, and from Africa to Asia—in supporting and facilitating trade, this book provides in-depth analysis across its five chapters. Chapter One explores whether these blocs contribute to enhancing trade between their members or if they are merely political alliances. Chapter Two discusses economic blocs and the global shift in the postglobalization era. Chapter Three focuses on analyzing the European experience in bloc formation and integration, reflecting on its future prospects. As blocs in Africa are crucial for the future of the continent and the world, Chapter Four examines the role of technological advances in supporting structural transformation in Africa, as well as the role of monetary systems and bilateral currency trade in bolstering trade within the continent. The book concludes by summarizing the key findings and recommendations presented throughout its five chapters, emphasizing the need for a more comprehensive vision of how blocs can support economic relations between countries and regions, ultimately contributing to a more prosperous, growing, and thriving global community.