History of Integration Flashcards
It is one of the patterns of development
Integration
Give six examples of major international economic organizations
NAFTA MERCOSUR Andean Community EU ASEAN APEC
What does NAFTA mean?
North America Free Trade Area
What countries are in NAFTA?
Canada, United States and Mexico
What countries are in MERCOSUR?
Argentina, Brazil, Paraguay and Uruguay
What does MERCOSUR mean?
Mercado Comun del Cono Sur
What countries are in the Andean Community?
Columbia, Peru, Ecuador and Venezuela
What are the countries in EU?
Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, The Netherlands, Portugal, Spain, Sweden, United Kingdom
What are the countries in ASEAN?
Brunei, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam
What countries are in APEC?
Australia, Brunei, Canada, Chile, China, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Philippines, Singapore, South Korea, Taiwan, Thailand, United States
What does ASEAN mean?
Association of Southeast Asian Nations
What does APEC mean?
Asian Pacific Economic Community
What are the eight causes of international integration?
a) need for profitable production
b) growth of size of production units
c) cooperation between industrial sectors
d) intensification of research and development
e) creation of an extensive market to achieve higher number of products
f) more workplaces
g) cheaper products
h) political objectives
What are two examples of political objectives?
a) joint force against the superpowers
b) stronger military power
What are the three characteristics of an organized international integration?
a) sovereign states or national economies
b) voluntary
c) complex, economic and political concentrations
Why do we need to emphasize the voluntary nature of integration?
Integration leads to the dissolution of a national economy, or to a certain extent, losing of identity
What does FTA mean?
Free Trade Area
What are the eight stages of international integration?
a) preferential trade area
b) free trade area
c) customs union
d) single market
e) economic union
f) economic and monetary union
g) complete economic integration
h) political union
Give an example of a regional consultative organisations?
APEC
They are agreements between countries that promote trade and commerce.
Bilateral Trade Agreement
Merger, association, amalgamation, coalition, interconnectedness, interlocking
Integration
By the first half of the 90s, more than _______ of the foreign trade were conducted by international regional organisations
2/3 or two-thirds
The first steps of international integration are rooted in _______
protectionism
How long does it take to reach the goal of a functioning economic political integration?
Decades