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Classes 1 Economic integration - CALCULEMUS.ORG

Classes_1_Economic integration 1. definition (by Business Dictionary). Economic integration is an agreement among countries in a geographic region to reduce and ultimately remove, tariff and non tariff barriers to the free flow of goods or services and factors of production among each others; any type of arrangement in which countries agree to coordinate their trade, fiscal, and/or monetary policies are referred to as Economic integration . Obviously, there are many different stages of integration . a. integration as an outcome integration as something static; integration can be achived when certain criteria are fulfilled b. integration as a process integration as a dynamic process; represented by stages of integration going form FTA to political integration 2.

Classes_1_Economic integration 1. definition (by Business Dictionary) Economic integration is an agreement among countries in a geographic region to

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Transcription of Classes 1 Economic integration - CALCULEMUS.ORG

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