4.3 Economic Integration

Globalization	NONE YET
Trading blocs – Free Trade Areas (FTAs)	http://opengecko.com/economics/trading-blocs/
Trading blocs – Customs unions	http://opengecko.com/economics/trading-blocs/
Trading blocs – Common markets	http://opengecko.com/economics/trading-blocs/

Trade creation and trade diversion Higher level extension topic	http://opengecko.com/economics/trading-blocs/
Obstacles to achieving integration • reluctance to surrender political sovereignty • reluctance to surrender economic sovereignty Higher level extension topic	http://opengecko.com/economics/trading-blocs/