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How useful is economic geography in explaining the success of regional economic integration blocs?
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- What is the strongest empirical evidence that international institutions are designed to efficiently resolve cooperation problems or to magnify the interests of powerful statesProvide TWO (2) rationales/arguments for engaging in Regional Economic IntegrationWhy are countries pushing to sign regional integration blocs?
- In the context of governance and politics, internationalism which was coined by Jeremy Bentham is supported by which statement?Factors which favour economic integrationProponents of free trade, primarily developed country economists, argue that the liberalization of trading relationships between rich and poor countries(the removal of tariff and nontariff barriers) would work toward the long-run benefit of all countries. Under what conditions might the removal of all tariff and other impediments to trade work to the best advantage of developing countries? Explain.
