Efforts to reduce trade and investment barriers within one region refer to:
A) Global economic integration
B) Local economic integration
C) Regional economic integration
D) Both local and regional integration

Question

Quizplus · Accepted Answer

Regional economic integration refers to efforts to reduce trade and investment barriers within a particular region. Global economic integration refers to efforts to reduce trade and investment barriers on a global scale, while local economic integration refers to efforts to reduce trade and investment barriers within a smaller, local area. Therefore, the best choice for reducing trade and investment barriers within one region is regional economic integration. Regional economic integration refers to efforts by countries in a specific region to reduce trade and investment barriers between themselves. This includes measures such as free trade agreements, common markets, and economic unions. It does not refer to global economic integration, which involves reducing trade barriers between all countries, or to local economic integration, which would only involve reducing barriers within a specific country or locality.

Efforts to Reduce Trade and Investment Barriers Within One Region