4820ch8 - Ch. 8 Economic Integration...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
02/12/11 Ch. 8 Economic Integration  A group of counties come together and agree to  cooperate in international trade by various  means. Mainly economic advantages. Trade creation and trade diversion, reduced  Import Prices, Increased competition and  economies of scale, Higher factor Productivity. Political Factors and power in international  markets.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
02/12/11 Levels of Economic Integration. Regional Cooperation Groups. Free trade areas. Full customs union. Common market. Economic union.
Background image of page 2
02/12/11 Regional Cooperation Groups. Cooperate to develop basic industries like steel, hydro-electricity etc. Joint ventures, pooling of technologies/resources. Mainly less developed countries. No effect on trade or tariff barriers. For Example - A.S.E.A.N.                Brunei, Burma, Cambodia, Indonesia, Laos,          Malaysia, the Philippines, Singapore,          Thailand and Vietnam The South Asian Association       for Regional Cooperation (SAARC)       Bangladesh, Bhutan, India,       Maldives, Nepal, Pakistan        and SriLanka.                                                                                                                                                                                                                                                                                                                                                   ASEAN
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
02/12/11 Free Trade Areas. No Internal Tariffs.
Background image of page 4
Image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 19

4820ch8 - Ch. 8 Economic Integration...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online