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Ch 8 Regional Economic Integration
Opening case - Nestlé - Is it a MNC? What is its home country? What is the company's global commitment? In what countries does it do business?

What is regional economic integration?
Can have many different levels with different levels of integration including free-trade areas, customs unions, common markets, economic unions, political unions
Agreements -- bilateral, trilateral, multilateral
Multipurpose - promote trade or restrict it? Free trade or walled economic fortresses?

Effects of regional economic integration - Benefits • Drawbacks

Integration in Europe
European Union (EU)
European Free Trade Association (EFTA)
Central European Free-Trade Area (CEFTA)

Integration in the Americas
NAFTA
Andean Community - LAFTA
MERCOSUR
Central America and Caribbean
FTAA

Integration in Asia - ASEAN, APEC

Integration in Middle East and Africa

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