Political And Economic Importance Of Regional Integration
It also promotes trade between members by the elimination of the partitions, and increase the distribution of capitals, by boosting a competitions between the members that provide more stimulant for the invention of modern changing technologies.
The importance of regional economic integration are:
-the regional market that insure a greater market than that was represented by the interior of a single country, economies schedule, internal and external , all that become accessible with the size of the market.
-the greater number of markets that are invented would lead to a high degree of specialization of products. So the gains from international trade will increase.
-the integration will enhance the number of trade, what will made a change in the cost and price of foreign trade.
-the consumer will be the first who benefit from the composition of regional common market.
- The regional economic integration will promote a better production and will increase the income generate by the overall growth and