Regional Integration
Definition
Regional integration is the process by which two or more nation-states agree to co-operate and work closely together to achieve peace, stability and wealth. This usually involves the combination of their economic, social, and political systems.
Analogy
Think of regional integration like a group project in school. Each student (or country) has their own strengths and weaknesses but when they come together for a common goal, they can create something much better than they could individually.
Related terms
Economic Union: An agreement between countries in a geographic region to reduce and ultimately remove tariff barriers to promote the free flow of goods among them.
Political Union: A type of state which is composed of or created out of smaller states. The process is called unification.
Trade Blocs: A type of intergovernmental agreement where regional barriers to trade are reduced or eliminated among participating states.
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