Question

State the consequence of Regionalism

Answer 1

Answer:

Regionalism has also a positive impact on competition and market expansion due to the effect of declining costs leading to the existing supply of cheaper goods. The negative impact it can have but any deflection of trade, when originally cheaper foreign imports are replaced by more expensive domestic production.

Explanation:

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Answer 2

Explanation:

1) Regionalism has also a positive impact on competition and market expansion due to the effect of. declining costs leading to the existing supply of cheaper goods.

2). The backwards states felt that they were kept. away from the benefits of development. Thereby under standing between the states is broken. This has negative impact on national unity. ney...

3). People in the developed states begin to feel that they are superior and look down upon the people in the less developed states.