Question

Articulate a stance on global economic intergration​

Answer 1

Explanation:

Economic integration, or regional integration, is an agreement among nations to reduce or eliminate trade barriers and agree on fiscal policies. The European Union, for example, represents a complete economic integration. Strict nationalists may oppose economic integration due to concerns over a loss of sovereignty.

Answer 2

Articulate a stance on global economic intergration​.

• international economic fusion international economic fusion measuring how globalisation has affected various economies. More than ever before, economies, businesses, and people are interwoven and connected. By making connections easier, specialisation, innovation, and economic advancement are all facilitated.
• Economic integration is advantageous in many ways because it enables nations to trade and specialise without interference from the government, which is advantageous for all economies. Costs are decreased as a result, and ultimately, wealth is increased.
• To avoid disease causing widespread starvation and death, as well as economic contraction disproportionately impacting the most vulnerable, global challenges demand coordinated global solutions. Global integration is still crucial to the pandemic response and recovery efforts of developing nations.
• The reduction or elimination of trade barriers and the adoption of common fiscal policies are two examples of economic integration, often known as regional integration. For instance, the European Union is a perfect illustration of economic integration. Because they fear losing their sovereignty, strict nationalists may be opposed to economic integration.

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