CHAPTER 9

REGIONAL ECONOMIC INTEGRATION

1. Kowel, Calvin
2. Lengkong, Ivana
3. Suban, Giovani
4. Trimaresa, Maria
What is regional economic integration ?
 Levels of Economic Integration
Free Trade Area
Customs Union
Common Market
Economic Union
Political Union
 The Case for Regional Integration

The Economic Case for Integration

The Political Case for Integration
Impediments to Integration
 The Case against Regional Integration

Trade Creation
Trade Diversion
 Regional Economic Integration in Europe
Evolution of the European Union
 European Union (EU)
 Treaty of Rome

Political Structure of the European Union

• European Commision
• European Council
• European Parliament
• Treaty of Lisbon
• Court of Justice
 The Single European ACT
•The objectives of the Act
•Impact

The Establishment of the Euro

 Benefits of the Euro
 Costs of the Euro
 The Euro Experience
 Economic Integration in the Americas
 The North Free Trade Agreement
 NAFTA’S Contents
 The Case for NAFTA
 The Case againts NAFTA
 NAFTA: The Results
 The Future of NAFTA
The ANDEAN COMMUNITY
Mercosur
Central American Common Market, CAFTA, and
Caricom
 Regional Economic Integration
Elsewhere

Association of Southeast Asian Nations

Regional Trade Blocs in Africa
Other Trade Agreement
 Implications for Managers
 Why is regional economic integration important to
international companies ?