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Economic and Trade Integration (Benefits (Increased of the demand.,…
Economic and Trade Integration
Benefits
Increased of the demand.
Decreased in the costs of the production.
Economic growth.
Absolute advantage.
Remove the trade barriers.
Create jobs
More political cooperation.
Drawbacks
The economic opening means an issue for some countries.
More competitive between the producers.
Less trade diversion
Less sovereignty.
Less shifting employment.
An economic integration its the most powerful tool tat can have a country, because the word negotiate in blocs , making part of the globalization.
Objectives
Omission of the trade barriers.
Implementation of common politics in different sectors of the economy.
Establish the external tariffs for the countries outside the agreements.
Increase the trade between members countries.