symbolic interactionism. (noun) The theory that society is possible because of the shared meanings and social patterns created during social interactions. Audio Pronunciation: (symÂ·boÂ·lic inÂ·terÂ·actÂ·ionÂ·ism) Download Audio Pronunciation: symbolic interactionism.mp3. Usage Notes: Herbert Blumer (1900â1986) is credited with coining the term.
A trade bloc is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where regional barriers to trade, (tariffs and non-tariff barriers) are reduced or eliminated among the participating states. Contents.urges of trade bloc formation were seen in the 1960s and 1970s, as well as in the 1990s after the collapse of Communism.
A free-trade area is the region encompassing a trade bloc whose member countries have signed a free-trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers â import quotas and tariffs â and to increase trade of goods and services with each other.