12. The Integration Movement Flashcards
Factors which promote regional integration within the region
1) Common cultural heritage
2) Need to pool national markets to overcome the restrictions of limited market size
3) Need to increase intra-regional trade and reduce extra-regional imports
4) Need to improve standard of living
5) Vulnerability to natural disasters
6) Need to pool natural resources
7) Poverty and need for functional cooperation
8) Shortage of skills
how Common cultural heritage promote regional integration within the region
colonization
how the Need to pool national markets to overcome the restrictions of limited market size promote regional integration within the region
efficient, large-scale/mass production not possible
because of small markets
how the need to increase intra-regional trade and reduce extra-regional imports promote regional integration within the region
- region has high import bill
- barriers to intra-regional trade must be eliminated
how need to improve standard of living promote regional integration within the region
1) high levels of poverty & unemployment
2)removal of barriers would increase demand for
regional goods/services
3) this would increase production and employment rates