Advantages of regional integration
Give the basic advantages of regional integration?
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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'.
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In this illustrated figure in below the only purely competitive firm currently generating economic profit is in: (w) Firm A. (x) Firm B. (y) Firm C. (z) Firm D. Discover Q & A Leading Solution Library Avail More Than 1459509 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1952847 Asked 3,689 Active Tutors 1459509 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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