Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
8 Cards in this Set
- Front
- Back
regional integration |
implementation of a multitude of economic and or political steps by member states to increase their global competitiveness including preferential trade access |
|
stages of regional integration |
free trade area customs union common market economic union |
|
free trade area |
elimination of all trade barriers while keeping their own external barriers against nonmembers |
|
customs union |
free trade area members who adopted a common external tariff with nonmembers |
|
common market |
custom union members who remove barriers to allow the movement of capital and labor creating a common (single) market |
|
economic union |
common market members who agree to implement common social programs and coordinated macroeconomic policies |
|
ASEAN objectives |
to accelerate economic growth, social progress, and cultural development in the region to promote peace and stability through the rule of law in relationships among countries in the region |
|
economic geography |
the study of principles that govern the efficient spatial allocation of economic resources and the resulting consequences |