Regional Paper

Global business contains transactions developed and implemented across supranational borders to meet objectives of those with a vested interest. The primary transactions are import, exportation and contrary direct investment (FDI). FDI is organizations taking part in a joint venture, licensing or franchising. There are some factors to be considered when conducting international business. To do this correctly, an analysis must be performed. I will define regional desegregation as well as discuss its role in promoting international business. The geographical region of Southeast Asia will be the area of focus and a discussion will be held on the advantages and disadvantages of the Association of Southeast Asian Nations (ASEAN) on regional integration. Finally, I will compare and contrast the stinting development stages of the countries in spite of appearance this region and the effect of economic development in spherical business.

regional integration is an agreement amidst countries within a precise region to reduce tariff and non-tariff barriers (Hill, 2004). Eliminating these barriers will promote the settle of goods, services and production between them. Regional integration promotes spherical business by building a relationship between countries within a specific region to develop economic and social strategies as well merchandise policies. The capacity to travel rapidly and strengthen economic, social and cultural ties between countries is what makes regional integration so important.



These agreements are designed for all member countries to bring forward free trade within their region.

There are many advantages and disadvantages to regional integration. An advantage is the ability to establish free and open trade. put out trade helps economic growth, produces jobs and offers further opportunities for trade and investment. Free trade lowers the costs of production thereby reducing the price of goods and services. Regional integration also forms larger markets allowing economies of scale, increased competition and foreign investment. Integration also accelerates the opening of...

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