Skip to content

Course home

x
Sign up
x

Dimensions of economic integration

Dimensions of economic integration

Four-step economic integration ladder showing a free trade area, customs union, monetary union and full economic union, with deeper integration and greater pooling of sovereignty to the right

Regional economic integration occurs when countries coordinate aspects of their economies. The diagram shows the simplified progression used in this course: free trade area, customs union, monetary union and full economic union. In this model, each later stage is assumed to retain the arrangements of the earlier stages.

11.6.2 distinction between a free trade area, a customs union, a monetary union and full economic union Lesson

  1. Intl A Level
  2. /Economics
  3. /11.6.2 distinction between a free trade area, a customs union, a monetary union and full economic union

Step-by-step lessons on CIE Intl A Level Economics 11.6.2 distinction between a free trade area, a customs union, a monetary union and full economic union. Each one builds up to exam-style questions.

Lessons