CHAPTER 10

Regional Economic Integration

LEARNING OBJECTIVES

After reading this chapter, you should be able to:

  • Define different forms of economic integration and their effects on international business
  • Examine the costs and benefits of integration
  • Explore different regional trading groups and their impact on the world and regional economy
  • Explain the rationale for international commodity agreements

BREXIT SPELLS DOOM FOR WINE, HAM AND CHEESE

Port wine from Portugal, feta cheese from Greece and Parma ham from Italy are in danger of losing their identity. Reason? — BREXIT: Britain’s decision to exit from the EU.

Port wine and its distinctive flavor comes from ripe black supersweet grapes ripened in the scorching late summer Sun of ...

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