REGIONAL INTEGRATION

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Across
  1. 5. liberalisation, a generalised set of rules to which states must adhere in order to maintain economic competitiveness in international markets
  2. 7. bloc, a group of countries having a free trade agreement, usually in the same geographical area
  3. 9. market, a group arrangement in which there are no taxes on imports from member states
  4. 11. selling products abroad at a lower price than they are sold in the home market
  5. 12. policy, government financial; taxation expenditure and budgets
  6. 13. the necessary pre-conditions for industrialization
  7. 15. country, a country that does not produce most of its goods and services and its standard of living is below that of the developed country. It is being gradually industrialized.
  8. 17. integration, having a unified approach to trade and fiscal measures and policies
  9. 20. trade, trade within a region
  10. 21. trade, the elimination of all tariffs and duties that prevent free competition between countries on all products
  11. 22. agreement, an agreement between more than two parties or countries.
Down
  1. 1. state, a country which is no longer under the control and direction of a foreign power. It looks after its own affairs.
  2. 2. is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange / the process of interaction and integration among people, companies, and governments worldwide.
  3. 3. policy, policy concerning the control of money supply and interest rates by a central bank
  4. 4. trade agreement/area, agreement or area where member countries eliminate more or less completely all tariff and non-tariff barriers to trade among themselves
  5. 6. organisation and consolidation of regional economic and political integration groups, leading to the ability of a nation or country to make decisions about its own government
  6. 8. country, a country that is less developed economically than most others, with little industry and little money spent on education, health care, etc.
  7. 10. Corporation, a large company operating in many countries
  8. 14. economy, a country or countries with a common currency and common monetary and fiscal polices
  9. 16. union, a situation in which members integrate all economic policies and in effect acts as though they were economically one country
  10. 18. country, a country that produces most of its good and services and has a very high standard of living. It is highly industrialized
  11. 19. Agreement, an agreement between two parties or countries