Concept information
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economics of international business
economic development
international development
economic governance
Preferred term
economic integration
Definition
- Economic integration refers to a process that sees two or more states in a broadly defined geographic area reducing a range of barriers to trade to advance or protect a set of economic goals. The level of integration involved in an economic regionalist project can vary enormously from loose association all the way through to the creation of a sophisticated, deeply integrated, transnationalized economic space. [Source: Encyclopedia of Governance; Economic Integration]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/economic_integration
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