8

Regional Economic Integration

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LNG plant at Bontang, East Kalimantan, Indonesia

CHAPTER OBJECTIVES

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 ...

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