Contents
Introduction 3- Economic Integration 3
- Advantages of integrating into an economic bloc 4
- Disadvantages of integrating into an economic bloc 4
- Phases of economic integration 5
- Integration initiative by Nigeria 5
- Challenges faced by Nigeria 11
- Conclusion and recommendation 12
- Reference List 14
Description
This report is based on the following requirement -
There are hundreds of economic integration agreements in effect around the world. Virtually every country is party to one or more free trade agreements. Supporters argue that free trade is good for nations. Undertake a research that would enable you to address the following task:
Critically evaluate the specific benefits that countries seek by joining an economic bloc. To support your argument assess the main economic bloc for one of the MINT countries (Mexico, Indonesia, Nigeria or Turkey). From your perspective, what advantages has bloc membership brought in the country? How does membership to the economic integration initiative impact upon the competitive position of the firms from this country? Illustrate by discussing the experience of a firm (or firms) from this country.
