Lesson 10 - regional integration and transnational management

1. 1.Regional integration refers to the process by which neighboring countries increase their level of cooperation and reduce barriers to trade and investment.

• True

• False

 2.The European Union (EU) is the only example of regional integration in the world.

• True

• False

3.Free trade agreements (FTAs) aim to eliminate tariffs and other trade barriers between member countries.

• True

• False

4.Regional economic blocs can lead to trade diversion, where trade is shifted from a more efficient exporter to a less efficient one within the bloc.

• True

• False

5. Economic integration has no effect on political relationships between member countries.

• True

• False