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REGIONAL ECONOMIC INTEGRATION (REI) (Region of REI (EU, NAFTA, MESCOSUR,…
REGIONAL ECONOMIC INTEGRATION (REI)
Level of REI
Free trade area
Custom union
Common market
Economic union
Political union
REI in EU
European union with 27 members
European free trade association with 4 members
Political case on integrations
Make them more dependant
Greater cloud and politically stronger
Establishment of the EURO
Handling one currency
Easier to compare
Increase competitions
Pan-european capital market should develop
Range of investments open for individuals and institutions
Impedimens to integration
Costly
Loss of national sovereignty
Political structure of EU
The court of justice
European parliament
Council european
European commision
Region of REI
EU
NAFTA
MESCOSUR
CAFTA
CARICOM
FTAA
AFTA
APEC