Political Science 3366E Chapter : Readings8Snow10.docx

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Readings week 18 snow: chapter 10 regional integration. Frank underlying political goal was to create a europe in which a repetition of the events leading to the century of warfare centering around germany and france would be interrupted. Globalization represents the process of economic integration on its grandest scale, incorporating the entire world or at least those parts of it willing and able to participate. Purpose of this economic integration is to create greater economic efficiency by promoting ricardian comparative advantage within the units undergoing the globalization process. The eu is the original and by far most advanced regional approach to economic integration. The admixture of economic and political purposes tends to grow as the extend of the integrating unit expands. The eu is unique in that it has traveled through all the steps of economic integration. Regional integration binding together the economies of physically proximate states within a geographical area.

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