Regional Economic Integration
While going through this reference, focus on the EU. It will provide you with a historical perspective of the EU and a future outlook of the EU as a trading bloc. In addition, it will be beneficial to read about other trade agreements as it will provide you with more details on the different forms of economic integration. Which is more beneficial for states, lax economic integrations or more comprehensive ones?
Major Areas of Regional Economic Integration and Cooperation
There are more than one hundred regional trade agreements in place, a number that is continuously evolving as countries reconfigure their economic and political interests and priorities. Additionally, the expansion of the World Trade Organization (WTO)
has caused smaller regional agreements to become obsolete. Some of the regional blocs also created side agreements with other regional groups leading to a web of trade agreements and understandings.