ECONOMIC INTEGRATION

ECONOMIC INTEGRATION

1. It is the union established between countries in order to facilitate trade between them.

2. Full economic union

3. Monetary union

4. customs union

5. unique market

6. Common Market

7. customs union

8. free trade

9. preferential agreement

10. objectives

    • increase the level of welfare between countries
    • achieve to increase the level of competitiveness of the economies.
    • free circulation of properties
    • The increase in the interdependence of the economies of the countries.
    • The circulation of the factors of production (capital and labor)

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