Question: What are the basic static and dynamic arguments for economic integration in less developed countries? Briefly describe the various forms that economic integration can take

What are the basic static and dynamic arguments for economic integration in less developed countries? Briefly describe the various forms that economic integration can take (e.g., customs union, free-trade areas). What are the major obstacles to effective economic integration in developing regions?

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Economic integration is a process where two or more states come together to reduce if not eliminate trade barriers and coordinate monetary and fiscal policies This is to help boost their economic grow... View full answer

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