Policy Changes and Economic Integration
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In economic theory, economic integration means a lowering of the barriers to business between two economies. The barriers may be institutional (for example, tariffs) or natural (for example, transportation costs). In the jargon of economics, economic integration may not imply a tightly knit relationship. For instance, it has often been said that the decrease in the cost of transportation has led to global economic integration.
KeywordsForeign Exchange World Trade Organization Illegal Immigrant Most Favour Nations Deep Integration
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