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Importance of economic integration

Answer Text:
Importance of economic integration
-Availability of wider market for the goods and services produced by the member countries. This enables them to produce to their full capacity
-It enables the country to specialize in the goods they produce best, making them to effectively utilize their resources
-It leads to promotion of peace and understanding among the member
countries through interaction
-It leads to high quality of goods and services being produced in the country due to the competition they face
-It allow members to get access to wider variety of goods and services which satisfy different consumer needs
-It leads to creation of employment for individuals living within the region, as they can work in any of the member country
-Improvement of the infrastructure in the region due to increased economic activities