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  • The Egg

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    eshamili
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    The document describes different levels of economic integration between countries or trade blocs using an "egg" as a metaphor. The yolk represents the highest level of integration with a common market and monetary policies. The white represents lower levels including customs unions with free movement of goods, labor, and capital. The shell signifies preferential trade areas and free trade areas with reduced trade barriers but retained individual external policies.

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    The document describes different levels of economic integration between countries or trade blocs using an "egg" as a metaphor. The yolk represents the highest level of integration with a common market and monetary policies. The white represents lower levels including customs unions with free movement of goods, labor, and capital. The shell signifies preferential trade areas and free trade areas with reduced trade barriers but retained individual external policies.

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    8 views1 page

    The Egg

    Uploaded by

    eshamili
    The document describes different levels of economic integration between countries or trade blocs using an "egg" as a metaphor. The yolk represents the highest level of integration with a common market and monetary policies. The white represents lower levels including customs unions with free movement of goods, labor, and capital. The shell signifies preferential trade areas and free trade areas with reduced trade barriers but retained individual external policies.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    LEVELS OF ECONOMIC INTEGRATION – THE EGG

    Common market status plus harmonization of fiscal and


    monetary policies.
    e.g. Eurozone

    Customs union status plus free movement of labor and


    capital.
    1. Canada – Agreement or International Trade (AIT)
    2. European Free Trade Association (EFTA)
    3. European Economic Area (EEA)

    Free trade among members and adopt common external


    trade policies.
    1. Andean Community (CAN)
    Economic Union 2. East African Community (EAC)
    3. Southern African Customs Union (SACU)

    Common Market All trade barriers in good and services removed among
    members but each retains own barriers with rest of the
    Custom Union world.
    1. ASEAN Free Trade Area (AFTA)
    Free Trade 2. Central American Integration System (SICA)
    3. G-3 Free Trade Agreement (G-3)
    Area
    Preferential
    Trade Area Lower trade barriers among members.
    1. Asia-Pacific Trade Agreement (1976)
    2. Economic Cooperation Organization (ECO) 1992
    3. South Asian Preferential Trade Agreement (SAPTA) 1999

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