Under the title The Trade Blocs: A Framework for Global Prosperity a conference organized by the Foundation of Student Communication was held for the fifth time in New York . This organization is made up of a group of graduate students of the University of Princeton who organize every year a 4-day conference to bring together young researchers and business leaders from all over the world to discuss topics that concern them both. This year's conference focused on the possibilities of the development of a new economic world order dominated by three substantive trade blocs (USA/NAFTA, EC/EEA and Japan/ASEAN). The different conference working groups addressed diverse topics such as the environment, agricultural policy and economic cooperation. The environment-related problems of international trade and possible resolutions were one of the most discussed topics of the conference.