Question

51. Which of the following is the general argument in support of economic integration?

1. It helps poor countries.
2.It helps rich countries.
3.It helps international organizations such as the United Nations and World Bank.
4.It will eventually lead to an equalization of wealth among nations.
SANTA​

Answer 1

Answer:

4 and 3 ..

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Answer 2

Economic integration helps International organisations such as United Nations and the World Bank.

• Another term for economic integration is globalisation.
• It means the elimination of trade barriers between two or more countries which would lead to a more interconnected and interdependent economy.
• They are four types of economic integration.
• These include pre-trade area custom union common market and economic union. Economic integration has benefited society a lot. People, companies as well as the economy of different countries are more connected with each other spreading harmony.