||Like it? PLEASE +1 it! Thanks!|
Forms of Regional Integration
We may identify five main types or forms of regional integration, classifying them by a
rising degree of intensity. They are:
· Preferential Trade Agreement (PTA), which is formed with the reduction of
custom duties (mainly tariffs) on trade among members relative to those on trade
· Free Trade Area (FTA), which involves the elimination of tariffs and quotas on
the trade among member countries.
· Customs Union (CU), which goes a step further than the FTA as in addition to
free trade within the union, there is a common external tariff (CET) against nonmembers.
· Common Market (CM), which is a CU that allows for the free movement of
factors of production among member countries. Thus, it encompasses intra-union
free trade, a common external tariff against non-member countries and free
movement of factors of production (labour and capital) within the union.
· Economic and Monetary Union (EMU), which is a common market in which
there is a single currency and monetary policy, and in which major economic
policies (particularly fiscal policy) are coordinated or harmonized. Often, there is
a compensation policy, which involves transfer of income to poorer or
disadvantaged members of the Union.
African Development Bank
Economic Research Working Paper Series
Enhancing Africa’s Trade: From Marginalization
to an Export-Led Approach to Development
Milton A. Iyoha
Professor, Department of Economics & Statistics
University of Benin, Nigeria
Economic Research Working Paper
No 77 (August 2005)
Related ArticlesRegionalism, Trade and Development in Africa
References: Enhancing Africa’s Trade: From Marginalization to an Export-Led Approach to Development
HOW TO DELIVER A 1, 2 PUNCH WITH INTEGRATED MARKETING
VII C Regional Integration :PROMOTING STOCK MARKET DEVELOPMENT IN AFRICA
Benefits of Regional Economic Integration
Regional Economic Communities in Africa
1.17 Building partnerships: Working Out of Poverty
VII. A. Automation: PROMOTING STOCK MARKET DEVELOPMENT IN AFRICA
How to Get More Clients - NOW!
3.1 Developments in trade negotiations VI: Economic Report on Africa 2007
V. A. Markets for Exports: AID VS. COMMERCE: FACTORS INFLUENCING THE GROWING TIES
The U.S. Immigration Department has Proposed Significant Updates to EB-5 Visa Processing
Overview VI: Economic Report on Africa 2007
Benefits of Cloud Integration
Android App Development Vs iOS App Development
Organizational Integration in the Canadian Not for Profit Sector
Organizational Integration in the Not for Profit Sector: Observations from the Front Line
Lack of Credibility in the 2007 East Africa’s Most Respected Company Awards.
Magento services India for best Magento e-commerce store development
New Partnership for Africa’s Development
Free PDF Download
References: Human Capital and Economic Development
By African Development Bank
About the Author: African Development Bank
RSS for African's articles - Visit African's website
The African Development Bank is the premier financial development institution of Africa, dedicated to combating poverty and improving the lives of people of the continent and engaged in the task of mobilizing resources towards the economic and social progress of its Regional Member Countries.The Bank’s s mission is to promote economic and social development through loans, equity investments, and technical assistance. The ADB is a multilateral development bank whose shareholders include 53 African countries and 24 non-African countries from the Americas, Asia, and Europe. It was established in 1964, with its headquarters in Abidjan, Côte d’Ivoire, and officially began operations in 1967.
Click here to visit African's website.
More from African Development Bank
Market access Provisions of Agreement on Agriculture
Savings Mobilisation Tenets of Microcredit for Poverty Reduction
Concluding Remarks Factors Impeding the Poverty Reduction Capacity of Microcredit Some Field Observations from Malawi and Ethiopia
Women and Microcredit
Poverty and Human Resources
Related Forum PostsRe: ANA Survey Says ...
Re: How should i promote a new website?
Re: 365 Foolish Mistakes Smart Managers Make
Re: Hi from Greenville, SC
Re: Hi from Greenville, SC
Share this article. Fund someone's dream.
Share this post and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
||Like this page? PLEASE +1 it!|