NAFTA goal is to create a trilateral trade bloc in North America to eliminate many barriers to … vii. The deeper integration of regional markets through the elimination of non-tariff barriers can reduce trade and operating costs. What threats does Mittal face? SADC Success Stories reveals that the regional integration agenda matters to people in southern Africa and has contributed to reducing poverty and enhancing the quality of life. (Masson, 2000) The overall process of globalisation and economic integration has been in most cases globally beneficial, but. It serves as a way to unite the countries and result in them having successful and ever increasing economies that are self-dependant and exist in harmony. Advantages of integration testing: Integration testing provides a systematic technique for assembling a software system while conducting tests to uncover errors associated with interfacing. In addition, describe the advantages and disadvantages of regional integration and relate the stage of economic development of the economically integrated region to potential business opportunities With 16 landlocked countries, Africa is more fragmented than any other continent. :201113472 For instance, the European Union only considers a few languages as official means of communication, leaving out languages used by remote communities in Europe, such as Breton, Welsh and Frisian. Advantages of regional integration The form of regional integration that was envisioned in the European Union was designed to lead to institutional building and strengthening of the member states. Regional integration in Africa has been an aspiration that a majority of countries have been working towards for the last few years, most notably after their liberation from colonisation. But at the same time, China suffered from the global financial crisis, managed to expand from a marginal position to become the largest steel producer in the world? These stages or . In the case of both the European Union and the East African Community there are three outstanding benefits that regional integration can bring. Regional Integration Chris Fischbach University of Phoenix MGT 448 Global Business Strategies January 25, 2012 John O’Brien, MBA “ Describe the advantages and disadvantages of regional integration and relate the stage of economic development of the economically integrated region to potential business opportunities.” Compare Mittal’s economics per ton of crude steel with its competitors. This Pan-Africanist vision is believed to be realized through regional integration. A trade bloc is an agreement between states, regions or countries to reduce barriers to trade between the participating regions. “regional integration” has become a major trend. Regional integration arrangements are mainly the outcome of necessity felt by nation-states to integrate their economies in order to achieve rapid economic development, decrease conflict, and build mutual trusts between the integrated units. Ever since the voyages of Marco Polo in 1260, (Latham, 1958) the collaboration and integration of world economies- through trade, movements of factors of production and transmission of economically effective knowledge and technology- has been continuously increasing. Regional integration in the form of NAFTA brought many economical and political advantages to Mexico. The European union is an integrated system featuring some if not most of the countries in Europe. How would a merger of Arcelor with Mittal add value? Regional Integration in Africa Trudi Hartzenberg Trade Law Centre for Southern Africa (tralac) Manuscript date: October 2011 Disclaimer: This is a working paper, and hence it represents research in progress. 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