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Economic Integration plays significant role in the economy,it must be started through public private partnership which may encourage local & foreign investments.If for instance,Ports,shipping,transport,Railway,Trucking industry becomes integrated then there will be a huge difference in the system:
1.Efficiency of overall system
2.Reduce consumption of fuel
3.Distance time will me minimized
4.save money & energy
5.Encourage investments
So deeper the economic integration, the more coordinated should be macroeconomic policy which can make a huge difference.
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What effect did world trade have on the American economy?
World trade significantly boosted the American economy by expanding markets for U.S. goods and services, leading to increased production and job creation. It facilitated access to a diverse range of products, enhancing consumer choice and driving innovation. Additionally, trade relationships helped integrate the U.S. into the global economy, making it a vital player in international commerce. However, it also led to challenges such as job displacement in certain industries due to competition.
How does voluntary trade help africas economy?
Voluntary trade enhances Africa's economy by promoting competition and efficiency, allowing countries to specialize in producing goods and services where they have a comparative advantage. This leads to increased production, job creation, and access to a wider variety of products for consumers. Additionally, trade can boost foreign investment, technology transfer, and infrastructure development, further stimulating economic growth. Ultimately, engaging in voluntary trade helps African nations integrate into the global economy, fostering sustainable development.
How did the south's economy benefit from the reconstruction?
During Reconstruction, the South's economy benefited from increased federal investment in infrastructure and the establishment of new industries. The introduction of sharecropping allowed many freed African Americans to work the land, providing labor for agriculture while also generating income for landowners. Additionally, the influx of Northern capital and the expansion of railroads helped stimulate economic growth and integrate the Southern economy with the rest of the country. However, these gains were often uneven and came amid significant social and political challenges.
What is the difference between market economy and mixed economy?
The difference between market economy and mixed economy is that a marked economy is a marked economy and a mixed economy is a mixed economy
What is the possessive of economy?
The possessive of economy is economy's.
Why multi purpose projects is rightly called as the temple of India?
After independence Jawaharlal Nehru proudly proclaimed dams as the 'THE TEMPLE OF MODERN INDIA' the reason being that it would integrate development of agriculture and the village economy with rapid industrialisation and growth of the urban economy.
Can you use integrate in a sentence?
This person just asked me to integrate the word integrate into a sentence.
How can you integrate a matrix?
You integrate each element of the matrix.
How can you use the word integrate in a sentence?
I will fully integrate the new students in my class by Friday. We should integrate the screws, with the nuts.
How do you write integrate in Hebrew?
to integrate = sheelev (שילב)
Why are multipurpose projects called temples of modern India?
Dams were called temples of modern world because it would integrate the irrigation and would develop the villages by quick industrialization and growth of urban economy.
A sentence for the word integrate?
Jane wanted to integrate herself into the scene. Michael used his fun loving personality to integrate himself with his new classmates.
What is noun for integrate?
The noun forms of the verb to integrate are integrationand the gerund, integrating.
Can you put integrate in a sentence?
She was able to integrate her love for art with her passion for science by creating beautiful illustrations of complex scientific concepts.
What is the antonym for integrate?
Segregate,or if integrate is being used in a mathematical sense,differentiate
How can you integrate a function by computer?
The best program I've found is Mathmatica. It's fairly easy to integrate a function on that program. Also, TI-89 will integrate functions.
What is a sentence using the word integrate?
"In the 1960's, many school districts began to integrate public schools." "The city plans to integrate their bus lines and streetcars into a single system." "Printed circuits can integrate many electronic functions into a single board."
