In the globalizing economy of the late 20th century and early 21st century, liberalized trade has been sought by way of regional trade agreements and broader global trade liberalization. The policy choices between these two approaches has created debates among economists and politicians concerning which is a better strategy for various countries, and for the global economy as a whole, and whether the two approaches are complementary or contradictory. Summarize and contrast the main arguments on both sides of the issue. 

Include at least four academic peer-reviewed journal articles as references.and should be in APA format.

 
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