Rank #86

Economic Integration

Economic integration is the process of integrating economies of different countries through the removal of trade barriers, the coordination of monetary and fiscal policies, and the harmonization of laws and regulations. It is a process of economic cooperation between countries that allows them to increase their economic efficiency and improve their living standards.

From Wikipedia

Economic integration is the unification of economic policies between different states, through the partial or complete abolition of tariff and non-tariff restrictions on trade.

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