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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Regional Economic and Political Integration

Regional Economic and Political Integration

Q (a) What are the economic and political arguments for regional economic integration? Given these arguments, why don’t we see more substantial examples of integration in the world economy? (b) The EU is a large, and overall generally successful, example of economic and political integration. If this is so why then why is the United Kingdom leaving - Brexit?

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(a) The economic and political arguments for regional economic integration refer to the exact arrangement in between the different countries in a particular geographic area in order to decrease the tariff and non-tariff obstacles. Even unhindered free flow of goods and services of production can happen between each other. The economic and political arguments for regional economic integration are also supported because o fits market efficiency and sharing the costs pf public products.