Global Regional Economies: Economic Integration

3 units

This course examines the theory of global regional economies and the purpose and practices of integrating a geographic group of countries' economies into a common economic system of trade in goods and services, data, and mobility of people and capital. A common economy is intended to broaden and improve opportunities for the vast majority of people of a region by increasing productivity through the more efficient use of scarce resources. However, integration to a common economic system must be accomplished in the context of the social, environmental, political, and cultural changes that will occur, and these must be addressed. Analysis of implementation, practices, policies, and progress as well as comparison of various regionally integrated economies are achieved through the research of performance data.