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Experts define economic integration in seven stages

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Reference no: EM133284183

In this field, experts define economic integration in seven stages:an economic union, an economic and monetary union, a preferential trading area, a free trade area, a common market, a customs union, a preferential trading area, and complete economic integration.

The final stage is a complete monetary union and a complete harmonization of fiscal policy.

Put down the Advantages of Economic Integration.

Reference no: EM133284183

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