What are the benefits of economic integration to member states?

      

List the benefits of economic integration to member states.

  

Answers


Maurice
(i) Enjoy common bargaining-with non-member states.

(ii) Promotes/ hastens regional development since member states will improve infrastructure so as to ease movement of goods.

(iii) Widens market: member states enjoy access to larger market.
Demand for goods is increased.

(iv) Promotes specialization and division of labour-hence quality goods are produced.

(v) Promotes competition:which leads to production of quality goods.

(vi) Promotes peace and unity-thus creating harmony among states.
maurice.mutuku answered the question on August 15, 2017 at 05:36


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