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ECONOMIC INTEGRATION, GROUP 2 - Coggle Diagram
ECONOMIC INTEGRATION
Roles
Labor productivity
Reducing production costs
Used resources effectively
International trade
Change economic structure
Consumption markets
Competitiveness
Causes
Create allies
Market Expansion
Economic
Resources Effectively
Globalization
Types
Monetary Union
Economic Union
Common market areas
Tariff Union
Free trade area
Examples
North American Free Trade Agreement ( NAFTA )
ASEAN
European Union ( EU )
EEC
Characteristics
Economic intergration
International Specialization
Division of labor
Voluntary to join
Forms of associations
Basis of status
Treaties and treaties
Partcipants
Businesses
Individuals
Impact
Dynamic
Static
GROUP 2