Merits of regional integration
Elucidate the merits of regional integration?
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Most economic specialists cite that regional integration gives disadvantaged countries to realize economies of scale, vie on a broader (or often global) platform and increase entire economic efficiency. Alassane D. Ouattara the Deputy Managing Director of the International Monetary Fund positions thatregional integration 'facilitates participating countries to pool their resources and avail themselves of regional institutional as well as human resources, in order to reach a level of administrative and technical capability that wouldn’t be probable on an individual basis'.
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The word economists employ to explain a condition where a powerful seller confronts the powerful buyer is: (1) Reciprocal exploitation. (2) Strategic bloc management. (3) Dialectical bargaining. (4) Ancillary reciprocity. (5) Bilateral monopoly. Discover Q & A Leading Solution Library Avail More Than 1445012 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1956251 Asked 3,689 Active Tutors 1445012 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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