Which of the following observations makes the case for regional economic integration?
A)International institutions such as the World Trade Organization have been moving the world toward a free trade regime.
B)While a nation as a whole may benefit significantly from a regional free trade agreement,certain groups may lose.
C)It is easier to establish a free trade regime among a limited number of adjacent countries than among the world community.
D)Regional economic integration results in trade diversion whereas global integration results in trade creation.

Question

Quizplus · Accepted Answer

Regional economic integration can be seen as an attempt to achieve additional gains from the free flow of trade and investment between countries beyond those attainable under international agreements such as the WTO.It is easier to establish a free trade and investment regime among a limited number of adjacent countries than among the world community.

Which of the Following Observations Makes the Case for Regional