Global and regional integrationName:Number:Outline1. Introduction2. Body3. Conclusion4. BibiographyIntroductionRegional integration is a process whereby boundaries between nation-states become less discontinuous, thus leading to the formation of more comprehensive systems. Economic integration consists in the linking up and merging of the industrial apparatus, administration and economic policies of participating countries, combining previously separated economies into larger arrangements.Therefore economic integration can be defined as the movement of several countries to enhance their mutual economic ties, leading to the growth of the overall economic activity, spanning national and regional boundaries. The process can be informal and does not necessarily require formal agreements. It can be seen as market-driven. It manifests itself through the increased trade flows of goods and services and, in the area of investment, the movement of tangible and intangible forms of capital, such as finance, technology and the ownership or control of assets. Economic integration requires the appropriate government policies and behavior, in particular the liberalization of trade and FDI regimes, the deregulation of financial markets and the promotion of domestic competition, as well as the developments of infrastructure, notably transportation and communications.BodyThe Development of Regional Economic Integration in the WorldThe epoch of free international trade started at the end of the history visitors of the Second World War, Winston Churchill reflected on Second World War. In his the mistakes made by the of the First World War and counseled the victors of the Second World War to be generous. The Truman Administration heeded this wis...
