--%>
Assignment Help - homework help

Advantages of regional integration

Give the basic advantages of regional integration?

E

Expert

Verified

Advantages of Regional Integration :-

Most of the economic experts cite are regional integration which allows disadvantaged countries to realize economies of scale, compete on a broader (often global) platform and increase overall economic efficiency Alassane D. Ouattara the Deputy Managing Director of the International Monetary Fund describe that regional integration 'enables participating countries to provide their resources and avail themselves of human resources and regional institutional, in order to attain a level of technical and administrative competence that would not be possible on an individual basis'.

   Related Questions in Microeconomics

  • Q : Increased value of product due to time

    The farmer stores corn after its harvest in the fall and then vends it in the spring as a hog food at very higher price. The raised value of the corn is due to its modifying: (i) Place. (ii) Form. (iii) Possession. (iv) Time. Can s

    		•
  • Q : Differentiate project feasibility study

    Differentiate between project feasibility study and project proposal?

    		•
  • Q : Firms supply curve in short run

    Describe firm’s supply curve in short run, operating in perfect competition? Answer: It is a MC curve of the firm beginning from a point where MC = AVC (that is, minimum).

    		•
  • Q : Negative income tax in welfare system

    Relation to the current U.S. welfare system, a suitable negative income tax plan would: (1) be much more difficult and more expensive to administer. (2) reduce some of the current disincentives for work. (3) result in a substantial de

    		•
  • Q : Advantages of regional integration Give

    Give the basic advantages of regional integration?

    		•
  • Q : Severe Poverty of Demography From the

    From the 1950 year, severe poverty has declined most sharply in between people while they experience: (w) low levels of education. (x) discrimination in employment. (y) old age. (z) poor health. Can someone explain

    		•
  • Q : Needs a goal of maximizing by

    The long run survival of a purely-competitive firm needs a goal of maximizing: (i) managerial salaries. (ii) total costs. (iii) economic profits. (iv) total revenue. (v) fixed costs to minimize variable costs. How

    		•
  • Q : Law of Diminishing marginal utility

    Describe the Law of Diminishing marginal utility? Answer: Law of Diminishing marginal utility: As a consumer goes on consuming more and more units of a commodity th

    		•
  • Q : Relatively price elastic when supply

    Even though a drought decreases supply from S1 to S0, at each point along both of such supply curves, the supply of tanks of dehydrated water: (i) perfectly price elastic. (ii) relatively price elastic. (iii) unitarily price elastic. (iv) relativ

    		•
  • Q : Profit for purely competitive firms in

    Profit for purely competitive firms tends in the direction of zero in the long run since: (w) managers resist charging more than a fair price. (x) firms collude to charge prices which barely cover average costs. (y) profit attracts entry, whereas loss

    		•