Exam 10: Europe, Africa, and the Middle East

What has hampered the conferences held by the United Nations Economic Commission for Africa from bringing about economic integration?

With the adoption of the euro, price differentials are much easier to spot, and EU consumers can search for the best bargains in brand-name products more easily.

Historically, standards have been used to effectively increase market access, such as the sale of German beer in Italy.

A ________ is an agreement between two or more countries to reduce or eliminate customs duties and nontariff trade barriers among partner countries while members maintain individual tariff schedules for external countries.

The institutions of the European Union form a(n) ________ pattern.

What type of political union is mostly based on economic history and a sense of tradition?

Why is Estonia's economic growth since independence from the Soviet Union outpacing the other Baltic nations?

Groups of countries that seek mutual economic benefit from reducing interregional trade and tariff barriers are called

Similarity of cultures can make or break an economic union. Although there is great cultural diversity in the European Union, key members share ________ and are commonly aware of being European.

The first Soviet republics to declare independence from the Soviet Union were

Describe the opportunities offered by economic integration.

The most basic economic integration and cooperation, in which governments agree to participate jointly to develop basic industries beneficial to each economy, is the

The most fully integrated form of regional cooperation is a

Economic growth among African countries has been on the downswing for the past several years.

The Southern African Development Community is the most advanced and viable of Africa's regional organizations.

ECOWAS, SADC, and EAC are active regional cooperative groups in

In line with its goal of enlargement, ten new countries joined the European Union in 2004 followed by Bulgaria and Romania in 2007.

Which level of economic integration has no restrictions on internal trade and free flow of capital among member nations and lacks only political unity to become a political union?

The initial aim of a multinational market is to protect businesses that operate within its borders.

Every type of economic union shares the development and enlargement of market opportunities as a basic orientation. What best describes the primary way market opportunities are enlarged by economic unions?