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Sagot :
Country M wants its regional trading group of countries to have a common currency and common monetary and fiscal policies. This level of integration is called a(n) Economic Integration.
What Is Economic Integration?
Economic integration is an arrangement among nations that typically includes the reduction or elimination of trade barriers and the coordination of monetary and fiscal policies. Economic integration aims to reduce costs for both consumers and producers and to increase trade between the countries involved in the agreement.
Economic integration is sometimes referred to as regional integration as it often occurs among neighboring nations. Economic integration refers to the agreement between the economies of the world in a given geographic region in order to reduce trade barriers such as removal of trade tariffs, free flow of goods, etc. This facilitates global trade and economic cooperation wherein the countries engage them in encouraging and promoting the trade business of each other.
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