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International Business, 8th Edition by Michael H. Moffett, Iikka A. Ronkainen, Michael Czinkota

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CHAPTER 8

Economic Integration and Emerging Markets

CHAPTER CONTENTS & LEARNING OBJECTIVES

LEVELS OF ECONOMIC INTEGRATION

1. To review types of economic integration among countries

ARGUMENTS SURROUNDING ECONOMIC INTEGRATION

2. To compare and contrast the costs and benefits to advancing economic integration

REGIONAL GROUPINGS

3. To suggest corporate response to advancing economic integration

CARTELS AND COMMODITY PRICE AGREEMENTS

4. To examine how an organization tries to control the price and quantity supplied of a particular commodity

EMERGING MARKETS

5. To survey the vast opportunities for trade offered by emerging market economies

BARRIERS TO BUSINESS

6. To understand the scope of barriers to business and infrastructure challenges

TRANSITION ECONOMIES

7. To define economies that are changing from a centrally planned economy to a free market

THE DEVELOPING MARKETS

8. To illustrate growth in developing countries by encouraging potential markets

ECONOMIC INTEGRATION AND THE INTERNATIONAL MANAGER

9. To suggest corporate response to advancing economic integration

Building Blocs toward Worldwide Free Trade

Regional groupings based on economics became increasingly important in the last ten years. Thirty-two such groupings are estimated to be in existence: three in Europe, four in the Middle East, five in Asia, and ten each in Africa and the Americas. Trade within the three major blocs, the American, European, and Asian, has grown rapidly, while trading among these blocs or with outsiders ...

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