Economic Integration [IB Economics HL]

This video describes the different types of trading blocs (and monetary unions) and examines the positives and negatives of increased economic integration between nations. 0:00 A Short History of Globalisation 1:35 Free Trade Areas 2:06 Customs Unions and Common Markets 2:59 Economic Analysis: Trade Creation 3:33 Economic Analysis: Trade Diversion 4:08 Monetary Unions 5:07 Evaluating Economic Integration More IB Economics Videos & Exam Questions can be found at: Revision Village - IB Economics https://www.revisionvillage.com