Which of the following is NOT a benefit of regional economic integration?
A) Promoting peace by fostering closer economic ties
B) Setting consistent rules to make discriminatory regulations impossible
C) Allowing free trade to raise incomes and create new jobs
D) Increasing sovereignty of integrated countries

Question

Quizplus · Accepted Answer

Regional economic integration involves countries agreeing to mutually reduce barriers to trade and investment. As a result, integrated countries actually give up a certain level of sovereignty to work together towards common economic goals. This is not a benefit, but rather a necessary result of integration. The other options (A, B, C) all highlight benefits of economic integration, such as fostering peace, eliminating discriminatory regulations, and creating jobs and prosperity. Regional economic integration usually involves giving up some degree of sovereignty in order to achieve integration. Therefore, increasing sovereignty of integrated countries is not a benefit but rather a potential drawback.

Which of the Following Is NOT a Benefit of Regional