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Economic integration |
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Economic integrationSee integration.Similar MatchesBackward integrationBackward integrationAcquisition by a firm of its suppliers. Economies of vertical integrationEconomies of vertical integrationProduced by achieving lower operating costs by owning all components of production and sometimes sales outlets rather than contracting for companies in the outside marketplace. Trade integrationTrade integrationThe process of increasing a country's participation in world markets through trade, accomplsihed by trade liberalization. Deep integrationDeep integrationRefers to economic integration that goes well beyond removal of formal barriers to trade and includes various ways of reducing the international burden of differing national regulations, such as mutual recognition and harmonization. Contrasts with shallow integration. Horizontal integrationHorizontal integrationProduction of different varieties of the same product, or different products at the same level of processing, within a single firm. This may, but need not, take place in subsidiaries in different countries. Further SuggestionsDisintegrationVertical integration Shallow integration Forward integration Integration |
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