Lesson 5 - Economic Integration Among Countries
Lesson 5 - Economic Integration Among Countries
Lesson 5 - Economic Integration Among Countries
Countries
Rosalie M. Cabagay, MPA
Economic Integration
An arrangement among nations that typically
includes the reduction or elimination of trade
barriers and the coordination of monetary and
fiscal policies.
Levels of Economic Integration
Global: trade liberalization by GATT or WTO
Regional: preferential treatment of member countries in the
group
Bilateral: preferential treatment between two countries