9.1 Regional Economic Integration
Key Takeaways
LEARNING OBJECTIVES
Understand regional economic integration.
Identify the major regional economic areas of cooperation.
Regional economic integration has enabled countries to focus on issues that are relevant to their stage of development as well as encourage trade between neighbors.
There are four main types of regional economic integration.
Free trade area.
Customs union.
Common market.
Economic union.
In the past decade, there has been an increase in these trading blocs with more than one hundred agreements in place and more in discussion. A trade bloc is basically a free-trade zone, or near-free-trade zone, formed by one or more tax, tariff, and trade agreements between two or more countries. Some trading blocs have resulted in agreements that have been more substantive than others in creating economic cooperation. Of course, there are pros and cons for creating regional agreements.
阅读材料: ASEAN: The way forward
视频：What is ASEAN?
课件分享：Regional Economic Integration
课后思考：FOOD FOR THOUGHT
What are two ways that regional economic integration can help global companies?
What do you think are the possible pros and cons of regional economic intergration?
