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Supply Chain Management

Category - Global Management

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The addition of countries into trade blocs is commonly referred to as ________

Regionalism
Blocism
Sanctionism
All of the above.

Explanation

Answer: A - The addition of countries into trade blocs is commonly referred to as regionalism, regardless of whether the trade bloc has a geographical basis or not. The initial waves of PTAs appeared in the 1930s, leading to a fragmentation of the world into trade blocs.

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