JEROME MARC C.

MONTILLA BSRT-I

Lesson 2B
REFLECTION PAPER.
Market Integration

Market integration occurs when prices among different locations or related goods follow

similar patterns over a long period of time. Groups of goods often move proportionally to each

other and when this relation is very clear among different markets it is said that

the markets are integrated.

As I reflect on this part of lesson 2, I realized that markets have important role on food

availability and food access that is essential in our daily life. If markets are well integrated, then

we can assume that market forces are working properly, meaning that price changes in one

location are consistently related to price changes in other locations and market agents are able to

interact between different markets. I learned that when markets are integrated, food flows among

regions and prices fluctuate less, and it also enhance food security. As we finished the lesson, I

gained more important aspect and benefits brought to us by globalization. That without

globalization connections, unity, and this topic “market integration” among countries are surely

impossible.

This lesson is important to any individuals especially to regular customers like me. It

made me understand how markets works and how prices of our essential needs constantly

changing. Lastly it gives me