"Regional Integration is a process in which neighboring countries enter into an agreement in order to upgrade cooperation through common institutions and rules."
This is a type of international system where countries cooperate extensively in areas such as trade, finance, and security, leading to a blurring of national boundaries and the emergence of a global community.
Globalization: The movement towards greater economic, cultural, and political interconnectedness among countries in the world.
Multilateralism: The practice of coordinating and regulating international relations among multiple countries through negotiations and agreements.
Regionalism: The practice of organizing groups of countries into regional blocs to facilitate trade, cooperation, and other common goals.
Trade liberalization: The removal of barriers to trade between countries, such as tariffs and quotas, in order to increase economic integration.
Free trade agreements: Agreements between countries that reduce or eliminate trade barriers and promote deeper economic integration.
Foreign direct investment: Investment by a company in foreign markets through acquiring or establishing subsidiaries or other forms of ownership.
International monetary system: The system of financial institutions and mechanisms that facilitate international trade and investment.
International organizations: Institutions created by Treaty or Agreement with a Constitutive Act for the purpose of promoting cooperation among states in specific areas of international relations.
International law: The body of rules and principles that govern states’ relations with each other, including trade, diplomacy, and human rights.
Development assistance: Programs and resources provided by wealthy countries or international organizations to help poorer countries improve their economic and social conditions.
Environmentalism: The movement to protect the natural environment and address global environmental problems through international cooperation.
Conflict resolution: The process of resolving disputes between countries through negotiation, mediation or other peaceful means.
Cultural exchange: The exchange of ideas, art, music, and other aspects of culture between different countries.
Migration: The movement of people across borders for various reasons, including work, family reunification, or seeking asylum.
Human rights: The protection of basic human rights, such as freedom of speech, the right to life, and the right to fair treatment, for all people regardless of race, religion, gender, or other characteristics.
Free Trade Agreement (FTA): An agreement between two or more countries to reduce or eliminate tariffs, quotas, and other trade barriers on goods and services, with the aim of promoting cross-border trade and investment.
Customs Union: A form of economic integration where member countries agree to eliminate internal tariffs, adopt a common external tariff, and sometimes harmonize regulations and standards.
Common Market: An extension of a customs union, where member countries also allow the free movement of labor, capital, and goods and services within the common market.
Economic Union: A deeper form of integration that includes the creation of a common currency, harmonization of economic policies, and sharing of a common central bank.
Political Union: The highest level of integration, which involves the creation of a supranational entity with the power to make decisions affecting member countries.
Regional Integration: An integration process that involves countries within a geographic region, such as the European Union.
Global Integration: An integration process that involves countries and regions across the world.
Multilateral Integration: An integration process that involves multiple countries or regions, such as the World Trade Organization.
Bilateral Integration: An integration process that involves only two countries or regions, such as the North American Free Trade Agreement.
Sectoral Integration: An integration process that focuses on specific sectors or industries, such as aviation or energy.
"The objectives of the agreement could range from economic to political to environmental, although it has typically taken the form of a political economy initiative where commercial interests are the focus for achieving broader socio-political and security objectives, as defined by national governments."
"Regional integration has been organized either via supranational institutional structures or through intergovernmental decision-making, or a combination of both."
"Past efforts at regional integration have often focused on removing barriers to free trade in the region, increasing the free movement of people, labour, goods, and capital across national borders, reducing the possibility of regional armed conflict, and adopting cohesive regional stances on policy issues."
"Intra-regional trade refers to trade which focuses on economic exchange primarily between countries of the same region or economic zone."
"Countries within economic-trade regimes such as ASEAN in Southeast Asia, for example, have increased the level of trade and commodity exchange between themselves."
"Intra-regional trade reduces the inflation and tariff barriers associated with foreign markets resulting in growing prosperity."
"The objectives of the agreement could range from economic to political to environmental."
"Commercial interests are the focus for achieving broader socio-political and security objectives, as defined by national governments."
"Commercial interests are the focus for achieving broader socio-political and security objectives, as defined by national governments."
"Adopting cohesive regional stances on policy issues, such as the environment, climate change, and migration."
"Removing barriers to free trade in the region."
"Increasing the free movement of people, labour, goods, and capital across national borders."
"Reducing the possibility of regional armed conflict (for example, through Confidence and Security-Building Measures)."
"Adopting cohesive regional stances on policy issues, such as the environment, climate change, and migration."
"Regional integration has been organized either via supranational institutional structures or through intergovernmental decision-making, or a combination of both."
"Countries within economic-trade regimes such as ASEAN in Southeast Asia, for example, have increased the level of trade and commodity exchange between themselves."
"Intra-regional trade reduces the inflation."
"Intra-regional trade... reduces the tariff barriers associated with foreign markets."
"Intra-regional trade... resulting in growing prosperity."