regional integration.pptVIP

Regional (Economic) Integration * 1. Definition In the current sense of combining separate economies into larger economic regions, the use of the word integration can be traced to the 1930s and 1940s Economic integration is the unification of economic policies between different states through the partial or full abolition of tariff and non-tariff restrictions on trade taking place among them prior to their integration. This is meant in turn to lead to lower prices for distributors and consumers with the goal of increasing the combined economic productivity of the states. regional integratio