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Topic: Business
Number of pages / Number of words: 2 / 319
Essay's paper body

Regional economic integration is the agreements among countries in a geographic region to reduce/remove tariff & non-tariff barriers to the free flow of goods, services & factors of production with each other.

The pros--

? By connecting economies and making them gradually more dependent on each other creates motivation for political cooperation and decreases the possibility for violent conflict

? By classifying economies, countries can improve their political weight in the world

? Economic integration entails that members give up some level of control over monetary policy, fiscal/tax policy and trade policy

The cons--

? Advantages of regional integration have been oversold and the costs have often been ignored

? The high-cost domestic producers are replaced by low-cost producers within a region

? The low-cost external suppliers are replaced by higher-cost suppliers within the region

? Regional trading alliances could emerge

How has NAFTA affected your business?

NAFTA is supposed to provide for labor equity across national borders...


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Regional economic integration is the agreements among countries in a geographic region to reduce/remove tariff & non-tariff barriers to the free flow of goods, services & factors of production with each other.

The pros--

? By connecting economies and making them gradually more dependent on each other creates motivation for political cooperation and decreases the possibility for violent conflict

? By classifying economies, countries can improve their political weight in the world

? Economic integration entails that members give up some level of control over monetary policy, fiscal/tax policy and trade policy

The cons--

? Advantages of regional integration have been oversold and the costs have often been ignored

? The high-cost domestic producers are replaced by low-cost producers within a region

? The low-cost external suppliers are replaced by higher-cost suppliers within the region

? Regional trading alliances could emerge

How has NAFTA affected your business?

NAFTA is supposed to provide for labor equity across national borders...


Essay fragment

General points of the essay

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