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Regional Integration for and Against Articles
University of Phoenix
Instructor: Ben Zuckerman
March 29, 2010
Regional Integration For and Against Articles
In this paper we will need to select a region in which we will choose a regional trading bloc. Once that a region has been chosen we will further discuss the advantages and disadvantages of regional integration from articles for and against. By regional economic integration we mean agreements among countries in a geographic region to reduce, and ultimately remove, tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other. In the last two decades, the proliferation of regional trade blocs that promote regional economic integration has been unprecedented. The region I selected is going to The North American Region, and the trading bloc will be NAFTA, known as the North American Free Trade Agreement.
Favor of Regional Integration
When every there is someone that is for something, there is usually someone who is going to be against it as well. There is nothing different when it comes to wither or not some will favor or oppose regional integration. The North American Region have has a lot of support as well as opposition. The North American region includes Canada, Mexico, and The United States of America. There would a major advantage to integrate into one region. Many companies that manufacture different products would benefit tremendously from this. They can move their factories to Mexico where the labor costs are much lower and are able to make an even better profit then from having a higher cost.
By doing this Canada and the United States has begun giving the economy of Mexico a much need boost. In...