Economic Integration and Regionalism

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FREE TRADE AREA (FTA)

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Type of economic integration among a group of countries where tariffs, quotas, and other trade barriers are eliminated.

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REGIONALISM

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Idea that political power and influence are strengthened.

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BLOCS

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Unity of nation-states.

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ASEAN

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Association of Southeast Asian Nations.

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NATO

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North Atlantic Treaty Organization.

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EUROPEAN UNION (EU)

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Was influenced by the devastation brought by two world wars.

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MAIN FORMS OF REGIONALISM

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Economic, Political, Strategic.

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ECONOMIC

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Free trade area or common market.

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POLITICAL

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Consolidate shared political values.

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STRATEGIC

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Formed to address the needs for collective self-defense.