give an example of economic development in dictatorial regionalism
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It is usually measured by an increase in the gross domestic product (GDP) or other measure of aggregate income. An example of economic development is when a country begins to produce more products and increase its overall wealth. "Economic-development." YourDictionary.
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Example of economic development in dictatorial regionalism is as follows:
- To facilitate the free flow of services and goods, institutional arrangements are designed.
- Between countries in the same geographic region, it is also designed for coordinating economic policies of foreign.
- The regional organisation's institutional capacity rules, principles and norms can be increased for production of favorable terms of trade.
- It can happen in the condition of aiming of regionalism at enhancing the development of economy.
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