The process whereby countries in a geographic area cooperate with one another to reduce or eliminate barriers to the international flow of products,people,or capital is called ________.
A) regional economic integration
B) protectionism
C) mercantilism
D) economic nationalism

Question

Quizplus · Accepted Answer

Regional economic integration involves countries in a geographic area coming together to reduce or eliminate barriers to trade, investment, and the movement of people. This can involve the formation of free trade areas, customs unions, common markets, and economic unions. The overall goal is to increase economic cooperation, reduce trade barriers, and promote economic growth and development across the region. Choices B, C, and D are all concepts that are opposite of regional economic integration and involve countries prioritizing their own economic interests over international cooperation.

The Process Whereby Countries in a Geographic Area Cooperate with One