Regıonal Organızatıons Deneme Sınavı Sorusu #969143
Which of the following statements regarding Economic Integration has the European Union Integration not passed yet?
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Harmonisation and unification of monetary, financial and social policies and the creation of supranational institutions. |
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Creating a free trade area with the removal of market barriers. |
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Reaching a common economic and monetary policy among members by coordinating national macroeconomic policies. |
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Creation of a common market by providing the free movement of factors of production (persons, capital, goods and services). |
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Forming a customs union with the removal of trade restrictions and setting up mechanisms for common trade policy towards non-members. |
The purposes in each phase are designed according to a classical model that is based on Jacob Viner and Bela Balassa’s integration theories. The EU integration has passed all but the last phase : Harmonisation and unification of monetary, financial and social policies and the creation of supranational institutions.
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