Regional Integration Terms and Concepts

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Across
  1. 3. several countries adopt a common external tariff
  2. 5. reduction or elimination of trade barriers
  3. 8. the growing interdependence of the world’s economies, cultures and populations
  4. 9. a customs union in which members reduce restrictions on the movement of factors of production
  5. 10. a country that is less developed economically than most others
  6. 11. company that has business operations in at least one country other than its home country
  7. 13. one country making a promise to a general group of countries
Down
  1. 1. creating a legally binding agreement between states in a geographic region
  2. 2. the removal of duties, licensing rules and quotas
  3. 4. a country with heavy dependence on agriculture and a slow rate of industrialization
  4. 6. government spending and tax policies
  5. 7. an area that allows free movement of goods, services and people
  6. 12. at least two countries negotiate and act upon a promise
  7. 14. control of the quantity of money available in an economy