Library Research Assignment

Part I: Many European countries have adopted the same currency, called the Euro. When countries adopt the same currency and have the same monetary policy, it is called a monetary union. What are the differences between a monetary union, a customs union, and a common market?

Part II: What is the Free Trade Agreement of the Americas? Most arguments for or against the FTAA are based on the success and/or failure of the NAFTA agreement. Based on the research of these two agreements, do think the FTAA should be established? Why or why not? Defend the answer.