History of Integration Flashcards
It is one of the patterns of development
Integration
Give six examples of major international economic organizations
NAFTA MERCOSUR Andean Community EU ASEAN APEC
What does NAFTA mean?
North America Free Trade Area
What countries are in NAFTA?
Canada, United States and Mexico
What countries are in MERCOSUR?
Argentina, Brazil, Paraguay and Uruguay
What does MERCOSUR mean?
Mercado Comun del Cono Sur
What countries are in the Andean Community?
Columbia, Peru, Ecuador and Venezuela
What are the countries in EU?
Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, The Netherlands, Portugal, Spain, Sweden, United Kingdom
What are the countries in ASEAN?
Brunei, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam
What countries are in APEC?
Australia, Brunei, Canada, Chile, China, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Philippines, Singapore, South Korea, Taiwan, Thailand, United States
What does ASEAN mean?
Association of Southeast Asian Nations
What does APEC mean?
Asian Pacific Economic Community
What are the eight causes of international integration?
a) need for profitable production
b) growth of size of production units
c) cooperation between industrial sectors
d) intensification of research and development
e) creation of an extensive market to achieve higher number of products
f) more workplaces
g) cheaper products
h) political objectives
What are two examples of political objectives?
a) joint force against the superpowers
b) stronger military power
What are the three characteristics of an organized international integration?
a) sovereign states or national economies
b) voluntary
c) complex, economic and political concentrations
Why do we need to emphasize the voluntary nature of integration?
Integration leads to the dissolution of a national economy, or to a certain extent, losing of identity
What does FTA mean?
Free Trade Area
What are the eight stages of international integration?
a) preferential trade area
b) free trade area
c) customs union
d) single market
e) economic union
f) economic and monetary union
g) complete economic integration
h) political union
Give an example of a regional consultative organisations?
APEC
They are agreements between countries that promote trade and commerce.
Bilateral Trade Agreement
Merger, association, amalgamation, coalition, interconnectedness, interlocking
Integration
By the first half of the 90s, more than _______ of the foreign trade were conducted by international regional organisations
2/3 or two-thirds
The first steps of international integration are rooted in _______
protectionism
How long does it take to reach the goal of a functioning economic political integration?
Decades
What marks as the first steps and beginning of the integration process?
Expansion of trade between partners
It is a short-term contract between two or more countries
Bilateral Trade Agreement
It is relatively loose, consultative, programme and prognosis making. Sometimes, coordinate with organisations where participants prepare common projects, financing and implementing them in cooperation. It has no institutions.
Regional Consultative Organisations
In this stage, the member states use tariffs and other trade police preferences to each other
Preferential Trading Area
It is formed when at least two states partially or fully abolish custom tariffs on their inner border
Free Trade Area
It introduces unified tariffs on the exterior borders of the union
Customs Union
It is the free movement of services, capital and labor
Single Market
It combines customs union with a common market
Economic Union
It introduces a shared currency
Economic and Monetary Union
It is the unification of economic policies, reduction in the rest of the trade barriers and introduction of supranational bodies.
Complete Economic Integration
It is the final stage of international integration
Political Union
CSME
CARICOM Single Market and Economy (Caribbean States)
EAEU
Eurasian European Union
It is the South American common market
MERCOSUR
GCC
Gulf Cooperation Council
It is the Central American cooperation system
SICA
It is the economic community of Central African states
CEMA
It is the West African economic and monetary union
UEMOA
EEA
European Economic Area
It is the Andean Community
CAN
EAC
East African Commmunity
EUCU
European Union Customs Union
EACU
East Asian Customs Union
SACU
Southern African Customs Union
CEFTA
Central European Free Trade Agreement
CISFTA
Commonwealth of Independent States Free Trade
COMESA
Common Market for Eastern and Southern Africa
DCFTA
Deep and Comprehensive Free Trade Area
GAFTA
Grain and Feed Trade Association
SAFTA
South Asian Free Trade Area
AANZFTA
ASEAN-Australian New Zealand Free Trade Area
CSME
CARICOM Single Market and Economy (Caribbean States)
What are two key components that will help us understand Europe?
a) historical evolution prior to World War II
b) recent integration process
It is the South American common market
MERCOSUR
GCC
Gulf Cooperation Council
It is the Central American cooperation system
SICA
It is the economic community of Central African states
CEMA
It is the West African economic and monetary union
UEMOA
EEA
European Economic Area
What are important concepts that we understood during the Renaissance and Enlightenment period?
a) tolerance
b) freedom
c) respect of human rights
d) democracy
EAC
East African Commmunity
EUCU
European Union Customs Union
EACU
East Asian Customs Union
SACU
Southern African Customs Union
CEFTA
Central European Free Trade Agreement
CISFTA
Commonwealth of Independent States Free Trade
COMESA
Common Market for Eastern and Southern Africa
DCFTA
Deep and Comprehensive Free Trade Area
“Europe thus divided into nationalities, freely formed and free internally, peace between states would have been easier: the United States of Europe would become a possibility”
Napoleon Bonaparte
SAFTA
South Asian Free Trade Area
AANZFTA
ASEAN-Australian New Zealand Free Trade Area
PAFTA
Peru-Australia Free Trade Area