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1. What is regional economic integration?

2. What is a regional economic integration bloc?

3. Differentiate between the 5 different levels of regional economic integration.

4. Describe the main characteristics of the European Union, ASEAN and NAFTA.

 

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Regional economic integration is a process/tool which enables neighbouring countries to encourage trade and transaction, while addressing issues specific to their stage of development. The primary segmentation is based on the regional basis. The four regional economic integration known as Free Trade Area, Custom Union, Common Market, 

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