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Regional integration combined with global business supports organizations conducting business globally amongst a variety of countries by removing restricting barriers and other obstacles. A move toward regional economical integration can provide consumers with new benefits and present organizations with innovative challenges (Hill, 2005).
There are several levels of regional economic integration which includes: free trade area, customs union, common market, economic union, and political union. Currently the North American Free Trade Agreement (NAFTA) is in the free trade area, the European Union (EU) is in the economic market, and The Southern Common Market (MERCOSUR) is in the customs union...
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