mecon sb chsec3 4经济一体化学习成果区分双边多边wto比较对比不同类型贸.pdfVIP

3.4 Economic integration Learning es ● Distinguish between bila l and multila l (WTO) ●Compare and contrast the different types of trading blocs. trade agreements. ● Ex in that a m ary union is a common market, with ● Ex in that preferential trade agreements give a common currency and a common centra . preferential access to certain products from certain ● Discuss the possible advantages and disadvantages of a countries by reducing or eliminating tariffs, or by other m ary union for its members. agreements relating to trade. ● Ex in the concepts of trade creation and trade diversion ● Distinguish between a trade area, a customs union, in a customs union. (HL) and a common market. ● Ex in that different forms of economic integration allow ● Ex in that economic integration will rease member countries to gain from economies of scale. (HL) competition among producers within the trading bloc. What is economic integration? Economic integration occurs when countries agree to remove barriers to the movement of goods and services, Glossary barriers to the movement of capital, and barriers to the movement of labour. The final stage of economic unification joining together integration is the unification of the fiscal and m ary of the par