•Many regional economic co-operation agreements ororganisations in all continents e.g. : EU, ASEAN, AndeanCommunity, West/East/Southern Africa and tradefocussed agreements e.g. NAFTA, APEC and Mercosur
Benefits of integrating similar (small) economies:
•Larger markets – trade, production scale ,efficiency
•More competition and investments
•More efficient use of resources – specialisation,technology exchange
•Increased international bargaining power