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Regional Integration is a process in which neighboring countries enter into an agreement in order to upgrade cooperation through common institutions and rules. 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 ...
The first coherent regional initiatives began in the 1950s and 1960s, but they accomplished little, except in Western Europe with the establishment of the European Community. Some analysts call these initiatives "old regionalism". [1] In the late 1980s, a new bout of regional integration (also called "new regionalism") began and continues still ...
Integration is a political and economic agreement among countries that gives preference to member countries to the agreement. [1] General integration can be achieved in three different approachable ways: through the World Trade Organization (WTO), bilateral integration, and regional integration. [1]
North American integration is the process of economic and political integration in North America, largely centred on the integration of Canada, Mexico, and the United States. History [ edit ]
The integration of Latin America (also called Latinoamericanism) has a history going back to Spanish American and Brazilian independence, when there was discussion of creating a regional state or confederation of Latin American nations to protect the area's newly won autonomy.
The best-known example of regional integration is the European Union (EU), an economic and political intergovernmental organisation of 27 member states, all in Europe. [1] [2] The EU operates through a system of supranational independent institutions and intergovernmental negotiated decisions by the member states.
The World Bank Group is the globe's most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.
Neofunctionalism is a theory of regional integration which downplays globalisation and reintroduces territory into its governance. Neofunctionalism is often regarded as the first European integration theory developed by Ernst B. Haas in 1958 as part of his PhD research on the European Coal and Steel Community. [1]