3.4 Economic integration

Forms of economic integration

Let's start by watching the videos below. Each group will be responsible for watching one of the videos and summarising it for the rest of the class. For homework you need to watch all of the videos.

What do you think Globalisation means and how does it link to this topic of economic integration.

Do you think that economic integration is always beneficial?

Now copy out this definition of Globalisation

Preferential trade agreements: A preferential trade agreement (PTA) is an agreement between two or more countries to lower trade barriers between each other on particular products. Trade barriers may remain on the rest of the products, and on imports from non-member countries

• Distinguish between bilateral and multilateral (WTO) trade agreements.

The World Trade Organisation

Trading blocs

For an introduction click on the picture below: