Regional Integration Flashcards

(6 cards)

1
Q

Regional integration

A

process by which neighboring countries come together to form closer economic, political, and social ties through cooperation and agreements.

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2
Q

integration aims to

A

enhance economic growth, strengthen political stability, and improve regional development by reducing trade barriers, promoting free movement of goods, services, and people, and fostering collaboration on shared challenges

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3
Q

Example

A

European Union

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4
Q

can provide benefits such as

A

increased trade, stronger diplomatic relations, and collective bargaining power on the global stage.

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5
Q

may also face challenges,

A

including political disagreements, unequal distribution of benefits, and concerns over national sovereignty.

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6
Q

seeks to

A

achieve mutual benefits for participating nations by fostering unity and collaboration

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