Regional Economic Integration
LNG plant at Bontang, East Kalimantan, Indonesia∗
The purpose of this chapter is to acquaint readers with the basics of regional economic integration and how integration influences international business. In particular, the objective is to:
- Describe the different levels of regional economic integration.
- Discuss the benefits and costs of regional economic integration from the viewpoint of international trade and FDI.
- Acquaint the readers with some regional economic integration schemes presently followed in different parts of the globe.
International trade is also regulated at the regional ...