Challenge but definitely boost up one nation.
The increased of economic development opportunities, the opening of wider chances to sustain and surpass the average economic rate and important coordination to obtained economic success are just some of the global economic integration features.
According to investopedia site, “Economy Integration is an arrangement among nations that typically includes the reduction or elimination of trade barriers and the coordination of monetary and fiscal policies. Economic integration aims to reduce costs for both consumers and producers and to increase trade between the countries involved in the agreement”.
Economic integration gives nation the access to increase trade globally since it permitted nation to sell their product in the global market. It strongly bonds the ties between nations that mainly participated and agree with in it which may become the incentives to properly resolved each of their conflicts. It allows sharing of technology and global investment that caused market to expand and open employment opportunities. However, nations that is under economic integration has been through difficult challenges first before obtaining the success to economic development. Countries have undergone adjustment especially when handling such a huge transactional diversity. Countries must invest not only money but an effort as well. In the first place, countries are likely to be seem as playing lottery and waiting for the results expecting that it could brought something that’s really worth it and fulfilling. Some disadvantages may directly occur in such country that has difficulty to recover after failing from the said economic integration attempt, poor chance to race with any other country to global market again is prior to happen.
Thus, whatever the country had been experiencing first before getting the highest point and or percentage in Global economic rate, it is obviously says that global economic integration will help improved economic growth and does even guarantee nations to last with its essence -the success out of eliminating trade barriers.
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