The expectation of a net economic gain compared to the situation without integration is the most fundamental incentive for international economic integration. Anticipated gains include an increase in the efficiency of the use of factors due to increased competition, specialization, returns to scale, increases in investment, improvements in terms of trade, reduced risk and equalization of factor prices. Integration will be beneficial when cooperation and coordination of policies takes place instead of the disintegrated exercise of power through often contradictory policies. Sovereignty is pooled, rather than given up. Small, open countries need to realize that it is much less a choice between national sovereignty and international economic integration and much more a choice between one form of interdependence and another. If one's aim is to increase the competitiveness of a small country and secure widest markets for its goods and services in the future, then international economic integration is a serious alternative to the national freedom to implement and continue with bad economic policies.
1. International economic integration is based on the tastes and traditions of all countries.
2. International economic integration is a process and a means by which a group of countries strives to increase its level of welfare.
3. From a technical point of view, international economic integration is an unlimited process.
4. The decision about entering into any other type of integration is in fact political factor.
5. International economic integration can reduce the competitive future of all countries throughout the world.
6. Canada has a developed and costly social policy while the Netherlands spends little in this area.
7. International economic integration can not be based on diversity in many economic policies.
8. Someone said international economic integration was criticized because it reduced.
9. With respect to others, like fiscal policy of the EC, international economic integration does not reduce the diversity of.
10. Small open countries need to realize that it is not a choice between national sovereignty and international economic integration but a choice between one form of.
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