Multinational Market Regions
Read the overview below and complete the activities that follow.
This activity continues with the concept of economic integration and elaborates on the various forms of multinational market groups
Since WWII, the various attempts at economic cooperation represent varying degrees of success and failure. One can expect regroupings to continue to form trade agreements paving the way for truly globalized markets. Multinational market groups which facilitate cooperation create economic benefits for companies by establishing more efficient marketing and production. Marketing efficiency is affected through the development of mass markets, encouragement of competition, improvement of personal income, various psychological market factors. Production efficiency derives from specialization, mass production for mass markets, and the free movement of the factors of production. It is also widely believed that economic integration tends to foster political harmony among countries involved; such harmony can lead to stability and peace.
Roll your cursor over the name of each multinational market to read the hint. Then drag each item to the appropriate space on the chart.
