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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]

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URI

https://concepts.sagepub.com/social-science/concept/economic_integration

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