GREAT Insights

Regional integration seems to be the name of the game these days. As the dynamics of the multilateral trade scene are fizzling out, regional trade agreements are multiplying at an unprecedented pace. A recognition of the reality that many national markets alone are simply too small, for selling products, attracting investment, stimulating innovation and remaining competitive. Beyond trade and market integration, there are a host of other sound reasons to bundle forces at regional level and integrate. Politically it makes sense to strengthen the ties with your neighbours as this interdependence reduces the incentives for conflict. . . . → Read More:  GREAT Insights Nov 2012 Issue (PDF – 1 417 Kb)